Filed September 27, 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 | $89,470 | $138,347-35.3% | $184,203-51.4% | $80,856+10.7% |
| Participation rate | 93.0% | 83.9%+9.2pp | 86.8%+6.2pp | 67.6%+25.4pp |
| Annual return | 51.66% | 20.02%+31.6pp | 28.81%+22.8pp | 35.59%+16.1pp |
| Employer contribution / active EE | $4,414 | $4,850-9.0% | $6,427-31.3% | $2,755+60.2% |
| Participant deferral / active EE | $9,911 | $7,071+40.2% | $9,131+8.5% | $4,296+130.7% |
| Admin fee / account holder | $9,250 | $10,483-11.8% | $13,901-33.5% | $6,918+33.7% |