Filed March 9, 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 | $48,561 | $59,805-18.8% | $79,550-39.0% | $68,494-29.1% |
| Participation rate | 76.3% | 61.1%+15.2pp | 69.5%+6.8pp | 67.9%+8.4pp |
| Annual return | -18.13% | -12.30%-5.8pp | 0.16%-18.3pp | -7.84%-10.3pp |
| Employer contribution / active EE | $2,802 | $1,505+86.2% | $2,413+16.1% | $2,596+7.9% |
| Participant deferral / active EE | $5,513 | $3,024+82.3% | $3,985+38.3% | $4,027+36.9% |
| Admin fee / account holder | $3,619 | $4,835-25.2% | $6,832-47.0% | $5,403-33.0% |