Filed December 18, 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 | $19,143 | $54,726-65.0% | $68,793-72.2% | $64,186-70.2% |
| Participation rate | 86.3% | 68.0%+18.2pp | 72.2%+14.0pp | 69.6%+16.7pp |
| Annual return | -6.73% | -1.62%-5.1pp | -4.63%-2.1pp | 7.63%-14.4pp |
| Employer contribution / active EE | $1,523 | $1,846-17.5% | $2,625-42.0% | $2,381-36.0% |
| Participant deferral / active EE | $3,840 | $2,626+46.2% | $3,311+16.0% | $3,470+10.7% |
| Admin fee / account holder | $734 | $4,027-81.8% | $5,131-85.7% | $4,888-85.0% |