Filed February 7, 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 | $80,303 | $54,762+46.6% | $90,281-11.1% | $72,985+10.0% |
| Participation rate | 100.0% | 65.1%+34.9pp | 73.3%+26.7pp | 69.5%+30.5pp |
| Annual return | 16.51% | 30.63%-14.1pp | 78.10%-61.6pp | 81.00%-64.5pp |
| Employer contribution / active EE | $6,591 | $2,092+215.0% | $2,854+130.9% | $2,440+170.1% |
| Participant deferral / active EE | $2,247 | $2,887-22.2% | $3,885-42.2% | $3,607-37.7% |
| Admin fee / account holder | $463 | $3,972-88.4% | $5,351-91.4% | $5,124-91.0% |