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 | $40,293 | $54,762-26.4% | $90,281-55.4% | $72,985-44.8% |
| Participation rate | 81.6% | 65.1%+16.5pp | 73.3%+8.4pp | 69.5%+12.1pp |
| Annual return | 31.72% | 30.63%+1.1pp | 78.10%-46.4pp | 81.00%-49.3pp |
| Employer contribution / active EE | $897 | $2,092-57.2% | $2,854-68.6% | $2,440-63.3% |
| Participant deferral / active EE | $2,306 | $2,887-20.1% | $3,885-40.7% | $3,607-36.1% |
| Admin fee / account holder | $4,051 | $3,972+2.0% | $5,351-24.3% | $5,124-21.0% |