Filed December 2, 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 | $21,296 | $77,813-72.6% | $123,544-82.8% | $64,186-66.8% |
| Participation rate | 97.6% | 74.7%+22.9pp | 82.3%+15.3pp | 69.6%+28.1pp |
| Annual return | -7.04% | 12.48%-19.5pp | 119.20%-126.2pp | 7.63%-14.7pp |
| Employer contribution / active EE | $2,916 | $3,014-3.2% | $4,628-37.0% | $2,381+22.5% |
| Participant deferral / active EE | $4,795 | $5,240-8.5% | $6,426-25.4% | $3,470+38.2% |
| Admin fee / account holder | $788 | $5,519-85.7% | $9,284-91.5% | $4,888-83.9% |