Filed July 21, 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 | $72,679 | $81,233-10.5% | $155,567-53.3% | $80,874-10.1% |
| Participation rate | 90.8% | 66.2%+24.5pp | 78.2%+12.6pp | 67.6%+23.1pp |
| Annual return | 15.91% | 33.33%-17.4pp | 64.74%-48.8pp | 35.62%-19.7pp |
| Employer contribution / active EE | $3,411 | $3,101+10.0% | $4,674-27.0% | $2,756+23.8% |
| Participant deferral / active EE | $2,864 | $3,452-17.0% | $5,628-49.1% | $4,297-33.3% |
| Admin fee / account holder | $7,733 | $7,998-3.3% | $15,916-51.4% | $6,935+11.5% |