Filed May 11, 2023
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 | $33,879 | $87,841-61.4% | $133,980-74.7% | $62,891-46.1% |
| Participation rate | 87.8% | 83.4%+4.4pp | 87.1%+0.7pp | 69.3%+18.5pp |
| Annual return | 10.88% | 12.05%-1.2pp | 29.30%-18.4pp | 20.14%-9.3pp |
| Employer contribution / active EE | $2,688 | $3,483-22.8% | $5,211-48.4% | $2,281+17.8% |
| Participant deferral / active EE | $5,235 | $4,812+8.8% | $6,282-16.7% | $3,203+63.4% |
| Admin fee / account holder | $769 | $5,371-85.7% | $9,324-91.8% | $4,296-82.1% |