Filed December 15, 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 | $24,926 | $50,958-51.1% | $74,550-66.6% | $64,186-61.2% |
| Participation rate | 93.9% | 61.1%+32.8pp | 69.1%+24.7pp | 69.6%+24.3pp |
| Annual return | -7.11% | -1.86%-5.3pp | 32.53%-39.6pp | 7.63%-14.7pp |
| Employer contribution / active EE | $1,820 | $1,115+63.2% | $1,961-7.2% | $2,381-23.5% |
| Participant deferral / active EE | $2,850 | $2,301+23.8% | $3,108-8.3% | $3,470-17.9% |
| Admin fee / account holder | $869 | $4,223-79.4% | $5,060-82.8% | $4,888-82.2% |