Filed December 21, 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 6-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 | $26,824 | $51,197-47.6% | $82,719-67.6% | $66,914-59.9% |
| Participation rate | 100.0% | 67.8%+32.2pp | 72.6%+27.4pp | 69.8%+30.2pp |
| Annual return | -9.42% | -9.64%+0.2pp | 701.18%-710.6pp | 1.58%-11.0pp |
| Employer contribution / active EE | $1,490 | $2,611-42.9% | $3,009-50.5% | $2,544-41.5% |
| Participant deferral / active EE | $2,206 | $3,458-36.2% | $4,395-49.8% | $4,237-47.9% |
| Admin fee / account holder | $3,771 | $416+807.4% | $5,329-29.2% | $593+535.6% |