Filed February 4, 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 | $56,357 | $48,570+16.0% | $130,648-56.9% | $72,985-22.8% |
| Participation rate | 100.0% | 58.6%+41.4pp | 71.7%+28.3pp | 69.5%+30.5pp |
| Annual return | 17.54% | 38.63%-21.1pp | 1708.96%-1691.4pp | 81.00%-63.5pp |
| Employer contribution / active EE | $2,063 | $1,334+54.6% | $4,092-49.6% | $2,440-15.4% |
| Participant deferral / active EE | $4,995 | $2,384+109.6% | $3,603+38.7% | $3,607+38.5% |
| Admin fee / account holder | $6,697 | $3,549+88.7% | $5,464+22.5% | $5,124+30.7% |