Filed May 11, 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 | $55,292 | $69,977-21.0% | $108,579-49.1% | $62,891-12.1% |
| Participation rate | 74.5% | 72.9%+1.6pp | 79.6%-5.0pp | 69.3%+5.2pp |
| Annual return | 5.70% | 10.73%-5.0pp | -51.70%+57.4pp | 20.14%-14.4pp |
| Employer contribution / active EE | $805 | $2,135-62.3% | $3,758-78.6% | $2,281-64.7% |
| Participant deferral / active EE | $1,957 | $3,165-38.2% | $4,311-54.6% | $3,203-38.9% |
| Admin fee / account holder | $724 | $5,076-85.7% | $7,645-90.5% | $4,296-83.1% |