Filed April 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 | $18,665 | $43,075-56.7% | $74,583-75.0% | $62,891-70.3% |
| Participation rate | 92.3% | 58.1%+34.3pp | 68.1%+24.2pp | 69.3%+23.0pp |
| Annual return | 17.12% | 17.50%-0.4pp | 20.47%-3.3pp | 20.14%-3.0pp |
| Employer contribution / active EE | $2,730 | $1,498+82.3% | $2,525+8.1% | $2,281+19.7% |
| Participant deferral / active EE | $5,675 | $2,389+137.5% | $3,458+64.1% | $3,203+77.2% |
| Admin fee / account holder | $1,546 | $2,840-45.6% | $4,138-62.6% | $4,296-64.0% |