Filed May 18, 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 | $38,362 | $53,127-27.8% | $86,590-55.7% | $70,131-45.3% |
| Participation rate | 78.7% | 65.3%+13.4pp | 73.5%+5.2pp | 69.5%+9.2pp |
| Annual return | 13.01% | 27.66%-14.7pp | 964.84%-951.8pp | 73.14%-60.1pp |
| Employer contribution / active EE | $926 | $2,068-55.2% | $2,839-67.4% | $2,342-60.5% |
| Participant deferral / active EE | $2,286 | $2,696-15.2% | $3,609-36.7% | $3,332-31.4% |
| Admin fee / account holder | $9,658 | $3,585+169.4% | $4,906+96.9% | $4,645+107.9% |