Filed September 13, 2022
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 | $61,406 | $46,869+31.0% | $122,332-49.8% | $70,131-12.4% |
| Participation rate | 97.1% | 58.2%+38.9pp | 71.6%+25.4pp | 69.5%+27.5pp |
| Annual return | 15.27% | 24.22%-9.0pp | 30.27%-15.0pp | 73.14%-57.9pp |
| Employer contribution / active EE | $3,420 | $1,288+165.6% | $4,050-15.6% | $2,342+46.0% |
| Participant deferral / active EE | $4,072 | $2,166+87.9% | $3,287+23.9% | $3,332+22.2% |
| Admin fee / account holder | $550 | $3,322-83.4% | $5,478-90.0% | $4,645-88.2% |