Filed June 29, 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 | $59,884 | $100,041-40.1% | $149,718-60.0% | $70,131-14.6% |
| Participation rate | 90.0% | 83.6%+6.4pp | 87.1%+2.9pp | 69.5%+20.5pp |
| Annual return | 15.41% | 27.43%-12.0pp | 1501.63%-1486.2pp | 73.14%-57.7pp |
| Employer contribution / active EE | $1,239 | $3,662-66.2% | $5,445-77.2% | $2,342-47.1% |
| Participant deferral / active EE | $2,630 | $4,983-47.2% | $6,569-60.0% | $3,332-21.1% |
| Admin fee / account holder | $2,180 | $8,286-73.7% | $11,283-80.7% | $4,645-53.1% |