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 | $16,919 | $58,208-70.9% | $81,812-79.3% | $80,856-79.1% |
| Participation rate | 100.0% | 63.4%+36.6pp | 72.3%+27.7pp | 67.6%+32.4pp |
| Annual return | 16.76% | 41.66%-24.9pp | 773.79%-757.0pp | 35.59%-18.8pp |
| Employer contribution / active EE | $2,596 | $2,340+11.0% | $2,912-10.8% | $2,755-5.7% |
| Participant deferral / active EE | $1,340 | $3,281-59.1% | $4,319-69.0% | $4,296-68.8% |
| Admin fee / account holder | $2,337 | $4,981-53.1% | $7,386-68.4% | $6,918-66.2% |