Filed October 3, 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 | $160,657 | $65,696+144.5% | $56,429+184.7% | $147,584+8.9% |
| Participation rate | 87.5% | 85.5%+2.0pp | 80.0%+7.5pp | 82.8%+4.7pp |
| Annual return | 17.63% | 13.32%+4.3pp | 19.04%-1.4pp | 578.55%-560.9pp |
| Employer contribution / active EE | $6,001 | $4,121+45.6% | $3,405+76.2% | $4,876+23.1% |
| Participant deferral / active EE | $10,057 | $4,876+106.3% | $3,951+154.5% | $5,439+84.9% |
| Admin fee / account holder | $4,161 | $5,947-30.0% | $4,466-6.8% | $10,885-61.8% |