Filed May 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 4-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 | $43,307 | $48,230-10.2% | $67,502-35.8% | $80,856-46.4% |
| Participation rate | 70.7% | 66.4%+4.3pp | 72.9%-2.2pp | 67.6%+3.0pp |
| Annual return | 33.50% | 18.28%+15.2pp | 3512.12%-3478.6pp | 35.59%-2.1pp |
| Employer contribution / active EE | $10,476 | $2,020+418.7% | $2,731+283.6% | $2,755+280.3% |
| Participant deferral / active EE | $3,827 | $2,924+30.9% | $4,000-4.3% | $4,296-10.9% |
| Admin fee / account holder | $4,115 | $3,681+11.8% | $3,998+2.9% | $6,918-40.5% |