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 | $67,921 | $69,977-2.9% | $108,579-37.4% | $62,891+8.0% |
| Participation rate | 93.5% | 72.9%+20.6pp | 79.6%+13.9pp | 69.3%+24.2pp |
| Annual return | 8.27% | 10.73%-2.5pp | -51.70%+60.0pp | 20.14%-11.9pp |
| Employer contribution / active EE | $543 | $2,135-74.5% | $3,758-85.5% | $2,281-76.2% |
| Participant deferral / active EE | $5,876 | $3,165+85.7% | $4,311+36.3% | $3,203+83.5% |
| Admin fee / account holder | $6,027 | $5,076+18.7% | $7,645-21.2% | $4,296+40.3% |