Filed February 23, 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 | $119,176 | $148,978-20.0% | $200,582-40.6% | $84,808+40.5% |
| Participation rate | 93.7% | 84.2%+9.4pp | 86.9%+6.8pp | 68.3%+25.3pp |
| Annual return | 21.13% | 28.16%-7.0pp | 42.33%-21.2pp | 40.90%-19.8pp |
| Employer contribution / active EE | $3,893 | $4,815-19.2% | $6,419-39.4% | $2,631+48.0% |
| Participant deferral / active EE | $5,608 | $7,142-21.5% | $9,331-39.9% | $4,212+33.2% |
| Admin fee / account holder | $1,908 | $13,977-86.3% | $16,305-88.3% | $7,344-74.0% |