Filed August 19, 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 | $120,393 | $86,929+38.5% | $102,423+17.5% | $80,856+48.9% |
| Participation rate | 85.5% | 72.4%+13.1pp | 76.5%+9.0pp | 67.6%+17.8pp |
| Annual return | 18.30% | 18.88%-0.6pp | 29.32%-11.0pp | 35.59%-17.3pp |
| Employer contribution / active EE | $1,891 | $2,369-20.2% | $3,023-37.4% | $2,755-31.3% |
| Participant deferral / active EE | $5,280 | $4,118+28.2% | $5,053+4.5% | $4,296+22.9% |
| Admin fee / account holder | $22,402 | $8,049+178.3% | $9,451+137.0% | $6,918+223.8% |