Filed November 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 | $147,956 | $125,758+17.7% | $169,993-13.0% | $75,163+96.8% |
| Participation rate | 98.7% | 83.6%+15.1pp | 87.0%+11.7pp | 67.2%+31.5pp |
| Annual return | 15.24% | 27.20%-12.0pp | 53.37%-38.1pp | 160.62%-145.4pp |
| Employer contribution / active EE | $4,064 | $4,615-11.9% | $6,785-40.1% | $2,670+52.2% |
| Participant deferral / active EE | $6,581 | $6,837-3.7% | $10,408-36.8% | $4,125+59.5% |
| Admin fee / account holder | $7,914 | $8,173-3.2% | $12,815-38.2% | $5,651+40.0% |