Filed September 27, 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 3-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 | $74,055 | $54,229+36.6% | $70,092+5.7% | $68,494+8.1% |
| Participation rate | 84.6% | 64.5%+20.1pp | 70.5%+14.1pp | 67.9%+16.7pp |
| Annual return | -17.51% | -13.87%-3.6pp | 190.73%-208.2pp | -7.84%-9.7pp |
| Employer contribution / active EE | $771 | $2,018-61.8% | $2,559-69.9% | $2,596-70.3% |
| Participant deferral / active EE | $5,001 | $2,956+69.2% | $3,849+29.9% | $4,027+24.2% |
| Admin fee / account holder | $9,194 | $4,694+95.9% | $6,267+46.7% | $5,403+70.2% |