Filed April 12, 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 | $57,968 | $60,022-3.4% | $88,946-34.8% | $84,808-31.6% |
| Participation rate | 92.7% | 57.8%+34.8pp | 68.8%+23.8pp | 68.3%+24.4pp |
| Annual return | 18.66% | 22.43%-3.8pp | 57.82%-39.2pp | 40.90%-22.2pp |
| Employer contribution / active EE | $3,894 | $1,703+128.7% | $2,555+52.4% | $2,631+48.0% |
| Participant deferral / active EE | $5,048 | $3,114+62.1% | $4,581+10.2% | $4,212+19.9% |
| Admin fee / account holder | $2,628 | $4,811-45.4% | $8,261-68.2% | $7,344-64.2% |