Filed June 29, 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 | $159,380 | $214,378-25.7% | $200,582-20.5% | $142,382+11.9% |
| Participation rate | 93.8% | 87.4%+6.3pp | 86.9%+6.9pp | 80.1%+13.6pp |
| Annual return | 14.54% | 46.41%-31.9pp | 42.33%-27.8pp | 217.08%-202.5pp |
| Employer contribution / active EE | $4,080 | $6,841-40.4% | $6,419-36.4% | $4,299-5.1% |
| Participant deferral / active EE | $8,798 | $9,865-10.8% | $9,331-5.7% | $6,507+35.2% |
| Admin fee / account holder | $38,860 | $17,692+119.6% | $16,305+138.3% | $12,624+207.8% |