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 | $60,614 | $43,327+39.9% | $59,878+1.2% | $64,186-5.6% |
| Participation rate | 89.2% | 69.2%+20.1pp | 74.7%+14.5pp | 69.6%+19.7pp |
| Annual return | -5.90% | -1.55%-4.4pp | 3.46%-9.4pp | 7.63%-13.5pp |
| Employer contribution / active EE | $3,132 | $2,028+54.4% | $2,722+15.1% | $2,381+31.5% |
| Participant deferral / active EE | $4,779 | $2,546+87.7% | $3,402+40.5% | $3,470+37.7% |
| Admin fee / account holder | $6,789 | $3,005+125.9% | $3,590+89.1% | $4,888+38.9% |