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 | $51,504 | $46,674+10.3% | $117,472-56.2% | $68,494-24.8% |
| Participation rate | 100.0% | 56.8%+43.2pp | 70.6%+29.4pp | 67.9%+32.1pp |
| Annual return | -15.57% | -14.52%-1.1pp | 29.74%-45.3pp | -7.84%-7.7pp |
| Employer contribution / active EE | $2,762 | $1,505+83.6% | $4,176-33.9% | $2,596+6.4% |
| Participant deferral / active EE | $2,603 | $2,636-1.3% | $4,070-36.0% | $4,027-35.4% |
| Admin fee / account holder | $7,171 | $4,020+78.4% | $5,645+27.0% | $5,403+32.7% |