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 | $43,976 | $100,041-56.0% | $149,718-70.6% | $70,131-37.3% |
| Participation rate | 75.5% | 83.6%-8.1pp | 87.1%-11.6pp | 69.5%+6.0pp |
| Annual return | 28.86% | 27.43%+1.4pp | 1501.63%-1472.8pp | 73.14%-44.3pp |
| Employer contribution / active EE | $2,283 | $3,662-37.7% | $5,445-58.1% | $2,342-2.5% |
| Participant deferral / active EE | $4,307 | $4,983-13.5% | $6,569-34.4% | $3,332+29.3% |
| Admin fee / account holder | $1,513 | $8,286-81.7% | $11,283-86.6% | $4,645-67.4% |