Filed May 27, 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 | $62,540 | $94,529-33.8% | $140,016-55.3% | $64,186-2.6% |
| Participation rate | 74.2% | 84.1%-9.9pp | 87.5%-13.3pp | 69.6%+4.6pp |
| Annual return | -6.26% | 7.77%-14.0pp | 651.12%-657.4pp | 7.63%-13.9pp |
| Employer contribution / active EE | $2,957 | $3,812-22.4% | $5,606-47.3% | $2,381+24.2% |
| Participant deferral / active EE | $3,855 | $5,250-26.6% | $6,927-44.4% | $3,470+11.1% |
| Admin fee / account holder | $1,373 | $6,741-79.6% | $10,705-87.2% | $4,888-71.9% |