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 | $41,089 | $39,122+5.0% | $57,179-28.1% | $62,891-34.7% |
| Participation rate | 72.7% | 70.5%+2.2pp | 75.3%-2.6pp | 69.3%+3.4pp |
| Annual return | 24.38% | 9.23%+15.1pp | 14.59%+9.8pp | 20.14%+4.2pp |
| Employer contribution / active EE | $0 | $1,874-100.0% | $2,682-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $4,971 | $2,374+109.4% | $3,096+60.6% | $3,203+55.2% |
| Admin fee / account holder | $2,482 | $2,592-4.2% | $3,139-20.9% | $4,296-42.2% |