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 | $87,514 | $109,413-20.0% | $156,263-44.0% | $84,808+3.2% |
| Participation rate | 97.9% | 72.7%+25.2pp | 78.9%+19.0pp | 68.3%+29.6pp |
| Annual return | 14.54% | 20.18%-5.6pp | 59.47%-44.9pp | 40.90%-26.4pp |
| Employer contribution / active EE | $5,096 | $2,907+75.3% | $4,333+17.6% | $2,631+93.7% |
| Participant deferral / active EE | $801 | $4,590-82.6% | $6,158-87.0% | $4,212-81.0% |
| Admin fee / account holder | $5,042 | $9,357-46.1% | $14,255-64.6% | $7,344-31.3% |