Filed October 11, 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 8-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 | $43,523 | $79,633-45.3% | $93,789-53.6% | $68,494-36.5% |
| Participation rate | 76.3% | 75.4%+1.0pp | 81.0%-4.6pp | 67.9%+8.5pp |
| Annual return | 6.12% | -0.10%+6.2pp | -11.33%+17.4pp | -7.84%+14.0pp |
| Employer contribution / active EE | $2,959 | $3,665-19.3% | $4,323-31.5% | $2,596+14.0% |
| Participant deferral / active EE | $9,203 | $5,158+78.4% | $6,094+51.0% | $4,027+128.5% |
| Admin fee / account holder | $1,926 | $6,871-72.0% | $7,195-73.2% | $5,403-64.3% |