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 | $30,011 | $42,894-30.0% | $60,874-50.7% | $68,494-56.2% |
| Participation rate | 71.0% | 66.8%+4.2pp | 73.1%-2.1pp | 67.9%+3.1pp |
| Annual return | -15.41% | -13.98%-1.4pp | 16.90%-32.3pp | -7.84%-7.6pp |
| Employer contribution / active EE | $1,305 | $1,978-34.0% | $2,701-51.7% | $2,596-49.7% |
| Participant deferral / active EE | $1,883 | $2,867-34.3% | $3,817-50.7% | $4,027-53.3% |
| Admin fee / account holder | $3,392 | $3,101+9.4% | $3,224+5.2% | $5,403-37.2% |