Filed December 7, 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 6-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 | $38,320 | $40,256-4.8% | $57,343-33.2% | $59,632-35.7% |
| Participation rate | 70.9% | 69.2%+1.7pp | 75.1%-4.2pp | 68.7%+2.2pp |
| Annual return | -0.18% | 27.49%-27.7pp | 24.39%-24.6pp | 2041.28%-2041.5pp |
| Employer contribution / active EE | $0 | $1,922-100.0% | $2,689-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $5,026 | $2,399+109.5% | $3,162+58.9% | $3,192+57.5% |
| Admin fee / account holder | $5,462 | $2,818+93.9% | $3,356+62.8% | $4,297+27.1% |