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 | $35,111 | $45,035-22.0% | $62,995-44.3% | $70,131-49.9% |
| Participation rate | 98.6% | 69.5%+29.1pp | 74.8%+23.8pp | 69.5%+29.1pp |
| Annual return | 16.75% | 18.76%-2.0pp | 87.57%-70.8pp | 73.14%-56.4pp |
| Employer contribution / active EE | $3,754 | $2,051+83.0% | $2,759+36.1% | $2,342+60.2% |
| Participant deferral / active EE | $5,546 | $2,465+125.0% | $3,329+66.6% | $3,332+66.5% |
| Admin fee / account holder | $2,756 | $2,834-2.8% | $3,600-23.4% | $4,645-40.7% |