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 | $76,218 | $78,705-3.2% | $117,854-35.3% | $70,131+8.7% |
| Participation rate | 96.0% | 73.2%+22.8pp | 79.7%+16.3pp | 69.5%+26.5pp |
| Annual return | 18.70% | 23.30%-4.6pp | 335.08%-316.4pp | 73.14%-54.4pp |
| Employer contribution / active EE | $985 | $2,223-55.7% | $3,786-74.0% | $2,342-58.0% |
| Participant deferral / active EE | $6,494 | $3,297+97.0% | $4,482+44.9% | $3,332+94.9% |
| Admin fee / account holder | $1,444 | $5,065-71.5% | $8,020-82.0% | $4,645-68.9% |