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 | $50,966 | $81,900-37.8% | $119,609-57.4% | $68,494-25.6% |
| Participation rate | 92.5% | 71.9%+20.6pp | 79.3%+13.2pp | 67.9%+24.6pp |
| Annual return | -17.96% | -23.82%+5.9pp | -14.97%-3.0pp | -7.84%-10.1pp |
| Employer contribution / active EE | $1,213 | $2,693-55.0% | $4,232-71.3% | $2,596-53.3% |
| Participant deferral / active EE | $3,119 | $4,148-24.8% | $5,602-44.3% | $4,027-22.6% |
| Admin fee / account holder | $5,843 | $6,582-11.2% | $10,323-43.4% | $5,403+8.2% |