Filed November 20, 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 | $176,185 | $60,349+191.9% | $74,183+137.5% | $62,891+180.1% |
| Participation rate | 98.3% | 72.7%+25.6pp | 76.6%+21.7pp | 69.3%+29.0pp |
| Annual return | 9.20% | 21.37%-12.2pp | 17.74%-8.5pp | 20.14%-10.9pp |
| Employer contribution / active EE | $14,022 | $1,680+734.5% | $2,370+491.6% | $2,281+514.7% |
| Participant deferral / active EE | $7,100 | $2,856+148.6% | $3,550+100.0% | $3,203+121.7% |
| Admin fee / account holder | $24,539 | $4,261+475.9% | $5,586+339.3% | $4,296+471.3% |