Filed May 10, 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 | $54,440 | $77,813-30.0% | $123,544-55.9% | $64,186-15.2% |
| Participation rate | 100.0% | 74.7%+25.3pp | 82.3%+17.7pp | 69.6%+30.4pp |
| Annual return | -3.95% | 12.48%-16.4pp | 119.20%-123.1pp | 7.63%-11.6pp |
| Employer contribution / active EE | $1,850 | $3,014-38.6% | $4,628-60.0% | $2,381-22.3% |
| Participant deferral / active EE | $3,663 | $5,240-30.1% | $6,426-43.0% | $3,470+5.6% |
| Admin fee / account holder | $16,443 | $5,519+198.0% | $9,284+77.1% | $4,888+236.4% |