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 | $34,535 | $58,512-41.0% | $84,015-58.9% | $72,985-52.7% |
| Participation rate | 86.0% | 61.2%+24.7pp | 69.0%+17.0pp | 69.5%+16.5pp |
| Annual return | 21.52% | 28.93%-7.4pp | 71.31%-49.8pp | 81.00%-59.5pp |
| Employer contribution / active EE | $1,703 | $1,163+46.5% | $1,983-14.1% | $2,440-30.2% |
| Participant deferral / active EE | $2,875 | $2,394+20.1% | $3,239-11.2% | $3,607-20.3% |
| Admin fee / account holder | $825 | $4,569-82.0% | $6,101-86.5% | $5,124-83.9% |