Filed January 26, 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 | $29,376 | $49,227-40.3% | $70,449-58.3% | $79,858-63.2% |
| Participation rate | 87.2% | 69.2%+18.1pp | 75.1%+12.2pp | 69.6%+17.6pp |
| Annual return | 24.40% | 30.06%-5.7pp | 109.03%-84.6pp | 31.71%-7.3pp |
| Employer contribution / active EE | $0 | $2,099-100.0% | $2,737-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $5,959 | $2,768+115.3% | $3,709+60.7% | $3,740+59.3% |
| Admin fee / account holder | $2,175 | $2,878-24.4% | $3,845-43.4% | $5,306-59.0% |