Filed January 17, 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 | $54,205 | $94,529-42.7% | $140,016-61.3% | $64,186-15.5% |
| Participation rate | 92.9% | 84.1%+8.8pp | 87.5%+5.4pp | 69.6%+23.3pp |
| Annual return | -2.27% | 7.77%-10.0pp | 651.12%-653.4pp | 7.63%-9.9pp |
| Employer contribution / active EE | $4,726 | $3,812+24.0% | $5,606-15.7% | $2,381+98.5% |
| Participant deferral / active EE | $3,119 | $5,250-40.6% | $6,927-55.0% | $3,470-10.1% |
| Admin fee / account holder | $3,603 | $6,741-46.6% | $10,705-66.3% | $4,888-26.3% |