Filed October 6, 2021
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 7-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 | $28,863 | $65,365-55.8% | $92,893-68.9% | $72,985-60.5% |
| Participation rate | 95.8% | 68.3%+27.5pp | 76.0%+19.8pp | 69.5%+26.3pp |
| Annual return | 24.12% | 42.10%-18.0pp | 109.41%-85.3pp | 81.00%-56.9pp |
| Employer contribution / active EE | $3,558 | $2,594+37.2% | $3,653-2.6% | $2,440+45.8% |
| Participant deferral / active EE | $6,196 | $3,128+98.1% | $4,236+46.3% | $3,607+71.8% |
| Admin fee / account holder | $1,486 | $4,251-65.1% | $5,794-74.4% | $5,124-71.0% |