Filed July 6, 2020
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,723 | $72,404-38.2% | $110,238-59.4% | $64,186-30.3% |
| Participation rate | 98.1% | 73.3%+24.8pp | 79.8%+18.3pp | 69.6%+28.5pp |
| Annual return | -6.95% | -6.29%-0.7pp | 314.74%-321.7pp | 7.63%-14.6pp |
| Employer contribution / active EE | $1,336 | $2,282-41.5% | $3,826-65.1% | $2,381-43.9% |
| Participant deferral / active EE | $2,713 | $3,469-21.8% | $4,672-41.9% | $3,470-21.8% |
| Admin fee / account holder | $1,746 | $5,664-69.2% | $8,547-79.6% | $4,888-64.3% |