Filed June 5, 2020
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 | $62,501 | $45,035+38.8% | $62,995-0.8% | $70,131-10.9% |
| Participation rate | 88.9% | 69.5%+19.4pp | 74.8%+14.1pp | 69.5%+19.3pp |
| Annual return | 17.02% | 18.76%-1.7pp | 87.57%-70.5pp | 73.14%-56.1pp |
| Employer contribution / active EE | $2,992 | $2,051+45.9% | $2,759+8.5% | $2,342+27.7% |
| Participant deferral / active EE | $4,443 | $2,465+80.3% | $3,329+33.5% | $3,332+33.4% |
| Admin fee / account holder | $3,765 | $2,834+32.8% | $3,600+4.6% | $4,645-19.0% |