Filed February 24, 2020
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 6-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 | $33,712 | $51,638-34.7% | $68,368-50.7% | $82,448-59.1% |
| Participation rate | 96.0% | 63.6%+32.4pp | 73.8%+22.2pp | 68.1%+27.9pp |
| Annual return | 18.97% | 37.53%-18.6pp | 292.57%-273.6pp | 41.64%-22.7pp |
| Employer contribution / active EE | $3,669 | $2,047+79.3% | $2,649+38.5% | $2,551+43.8% |
| Participant deferral / active EE | $6,508 | $2,914+123.4% | $4,123+57.9% | $4,139+57.2% |
| Admin fee / account holder | $2,592 | $4,643-44.2% | $5,150-49.7% | $7,234-64.2% |