Filed December 14, 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.
Employer 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 | $17,075 | $84,233-79.7% | $170,442-90.0% | $70,131-75.7% |
| Participation rate | 78.2% | 70.8%+7.4pp | 83.6%-5.4pp | 69.5%+8.6pp |
| Annual return | 17.68% | 23.06%-5.4pp | 205.93%-188.2pp | 73.14%-55.5pp |
| Employer contribution / active EE | $0 | $3,387-100.0% | $5,433-100.0% | $2,342-100.0% |
| Participant deferral / active EE | $2,713 | $3,086-12.1% | $4,939-45.1% | $3,332-18.6% |
| Admin fee / account holder | $720 | $5,698-87.4% | $13,880-94.8% | $4,645-84.5% |