Filed January 10, 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 4-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 | $42,309 | $106,749-60.4% | $145,433-70.9% | $82,448-48.7% |
| Participation rate | 100.0% | 75.6%+24.4pp | 82.1%+17.9pp | 68.1%+31.9pp |
| Annual return | 25.55% | 27.59%-2.0pp | 66.58%-41.0pp | 41.64%-16.1pp |
| Employer contribution / active EE | $5,242 | $3,444+52.2% | $4,554+15.1% | $2,551+105.5% |
| Participant deferral / active EE | $8,855 | $6,519+35.8% | $7,897+12.1% | $4,139+113.9% |
| Admin fee / account holder | $2,403 | $8,390-71.4% | $13,129-81.7% | $7,234-66.8% |