Filed September 5, 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 | $41,298 | $53,822-23.3% | $75,696-45.4% | $85,850-51.9% |
| Participation rate | 87.9% | 69.1%+18.8pp | 74.8%+13.0pp | 69.3%+18.6pp |
| Annual return | 14.83% | 24.54%-9.7pp | 104.53%-89.7pp | 318.53%-303.7pp |
| Employer contribution / active EE | $926 | $2,017-54.1% | $2,743-66.2% | $2,565-63.9% |
| Participant deferral / active EE | $1,626 | $2,895-43.8% | $3,821-57.4% | $3,952-58.8% |
| Admin fee / account holder | $2,158 | $3,343-35.4% | $3,619-40.4% | $6,260-65.5% |