Filed October 2, 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 | $79,621 | $56,897+39.9% | $84,750-6.1% | $62,891+26.6% |
| Participation rate | 90.0% | 68.5%+21.5pp | 76.6%+13.4pp | 69.3%+20.7pp |
| Annual return | 8.24% | 6.30%+1.9pp | 22.78%-14.5pp | 20.14%-11.9pp |
| Employer contribution / active EE | $6,472 | $2,400+169.7% | $3,574+81.1% | $2,281+183.7% |
| Participant deferral / active EE | $4,830 | $2,709+78.3% | $3,712+30.1% | $3,203+50.8% |
| Admin fee / account holder | $1,576 | $3,581-56.0% | $5,332-70.4% | $4,296-63.3% |