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 | $43,609 | $51,576-15.4% | $129,207-66.2% | $80,856-46.1% |
| Participation rate | 97.8% | 57.0%+40.8pp | 69.6%+28.2pp | 67.6%+30.1pp |
| Annual return | 13.71% | 20.81%-7.1pp | 9417.33%-9403.6pp | 35.59%-21.9pp |
| Employer contribution / active EE | $3,150 | $1,584+98.9% | $4,153-24.2% | $2,755+14.3% |
| Participant deferral / active EE | $3,545 | $2,669+32.8% | $4,168-14.9% | $4,296-17.5% |
| Admin fee / account holder | $20,693 | $4,305+380.7% | $7,715+168.2% | $6,918+199.1% |