Filed September 13, 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 | $37,842 | $76,552-50.6% | $123,892-69.5% | $62,891-39.8% |
| Participation rate | 89.3% | 73.0%+16.3pp | 81.4%+7.9pp | 69.3%+20.0pp |
| Annual return | 7.54% | 18.68%-11.1pp | 47.52%-40.0pp | 20.14%-12.6pp |
| Employer contribution / active EE | $4,378 | $2,883+51.9% | $4,617-5.2% | $2,281+92.0% |
| Participant deferral / active EE | $5,180 | $4,840+7.0% | $5,984-13.4% | $3,203+61.7% |
| Admin fee / account holder | $2,801 | $4,826-42.0% | $8,357-66.5% | $4,296-34.8% |