Filed October 28, 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 | $73,952 | $51,638+43.2% | $68,368+8.2% | $82,448-10.3% |
| Participation rate | 81.1% | 63.6%+17.5pp | 73.8%+7.4pp | 68.1%+13.1pp |
| Annual return | 15.00% | 37.53%-22.5pp | 292.57%-277.6pp | 41.64%-26.6pp |
| Employer contribution / active EE | $1,724 | $2,047-15.7% | $2,649-34.9% | $2,551-32.4% |
| Participant deferral / active EE | $3,295 | $2,914+13.1% | $4,123-20.1% | $4,139-20.4% |
| Admin fee / account holder | $5,588 | $4,643+20.3% | $5,150+8.5% | $7,234-22.8% |