Filed October 4, 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 7-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 | $174,076 | $148,978+16.8% | $200,582-13.2% | $84,808+105.3% |
| Participation rate | 86.0% | 84.2%+1.8pp | 86.9%-0.9pp | 68.3%+17.7pp |
| Annual return | 15.61% | 28.16%-12.6pp | 42.33%-26.7pp | 40.90%-25.3pp |
| Employer contribution / active EE | $4,678 | $4,815-2.8% | $6,419-27.1% | $2,631+77.8% |
| Participant deferral / active EE | $9,887 | $7,142+38.4% | $9,331+6.0% | $4,212+134.8% |
| Admin fee / account holder | $15,650 | $13,977+12.0% | $16,305-4.0% | $7,344+113.1% |