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 | $63,949 | $99,985-36.0% | $146,665-56.4% | $85,850-25.5% |
| Participation rate | 98.1% | 73.1%+25.0pp | 80.1%+18.0pp | 69.3%+28.8pp |
| Annual return | 13.55% | 18.93%-5.4pp | 22.74%-9.2pp | 318.53%-305.0pp |
| Employer contribution / active EE | $1,270 | $2,559-50.4% | $4,136-69.3% | $2,565-50.5% |
| Participant deferral / active EE | $3,258 | $4,006-18.7% | $5,506-40.8% | $3,952-17.5% |
| Admin fee / account holder | $4,917 | $7,702-36.2% | $10,280-52.2% | $6,260-21.5% |