Filed November 30, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $114,904 | $91,552+25.5% | $133,956-14.2% | $79,858+43.9% |
| Participation rate | 95.5% | 73.3%+22.2pp | 79.8%+15.7pp | 69.6%+25.9pp |
| Annual return | 12.59% | 61.85%-49.3pp | 45.09%-32.5pp | 31.71%-19.1pp |
| Employer contribution / active EE | $5,154 | $2,384+116.2% | $3,919+31.5% | $2,471+108.6% |
| Participant deferral / active EE | $624 | $3,733-83.3% | $5,048-87.6% | $3,740-83.3% |
| Admin fee / account holder | $3,240 | $6,321-48.7% | $8,927-63.7% | $5,306-38.9% |