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 | $153,636 | $62,586+145.5% | $76,768+100.1% | $64,186+139.4% |
| Participation rate | 100.0% | 72.8%+27.2pp | 77.0%+23.0pp | 69.6%+30.4pp |
| Annual return | -5.41% | -1.95%-3.5pp | 2.43%-7.8pp | 7.63%-13.0pp |
| Employer contribution / active EE | $14,226 | $1,832+676.5% | $2,485+472.4% | $2,381+497.5% |
| Participant deferral / active EE | $7,107 | $3,145+126.0% | $3,852+84.5% | $3,470+104.8% |
| Admin fee / account holder | $27,898 | $4,667+497.8% | $6,675+318.0% | $4,888+470.7% |