Filed August 26, 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 | $224,659 | $81,460+175.8% | $103,333+117.4% | $80,856+177.8% |
| Participation rate | 100.0% | 66.8%+33.2pp | 74.5%+25.5pp | 67.6%+32.4pp |
| Annual return | 13.92% | 25.55%-11.6pp | 24.88%-11.0pp | 35.59%-21.7pp |
| Employer contribution / active EE | $5,852 | $3,105+88.5% | $3,868+51.3% | $2,755+112.4% |
| Participant deferral / active EE | $9,842 | $3,869+154.4% | $5,057+94.6% | $4,296+129.1% |
| Admin fee / account holder | $31,763 | $6,566+383.7% | $8,355+280.2% | $6,918+359.1% |