Filed April 27, 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 | $152,135 | $108,825+39.8% | $156,181-2.6% | $82,448+84.5% |
| Participation rate | 98.5% | 72.4%+26.1pp | 78.8%+19.7pp | 68.1%+30.4pp |
| Annual return | 15.05% | 20.59%-5.5pp | 64.87%-49.8pp | 41.64%-26.6pp |
| Employer contribution / active EE | $1,086 | $2,870-62.2% | $4,294-74.7% | $2,551-57.4% |
| Participant deferral / active EE | $9,696 | $4,577+111.8% | $6,132+58.1% | $4,139+134.2% |
| Admin fee / account holder | $7,750 | $9,341-17.0% | $14,586-46.9% | $7,234+7.1% |