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 | $76,067 | $101,724-25.2% | $164,813-53.8% | $80,856-5.9% |
| Participation rate | 96.6% | 71.8%+24.7pp | 78.6%+17.9pp | 67.6%+28.9pp |
| Annual return | 10.82% | 16.72%-5.9pp | 69.93%-59.1pp | 35.59%-24.8pp |
| Employer contribution / active EE | $5,582 | $2,953+89.0% | $4,341+28.6% | $2,755+102.6% |
| Participant deferral / active EE | $942 | $4,477-79.0% | $6,031-84.4% | $4,296-78.1% |
| Admin fee / account holder | $6,053 | $8,227-26.4% | $12,690-52.3% | $6,918-12.5% |