Filed November 3, 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 3-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 | $69,464 | $96,484-28.0% | $156,263-55.5% | $74,304-6.5% |
| Participation rate | 84.2% | 67.7%+16.5pp | 78.9%+5.3pp | 60.3%+23.8pp |
| Annual return | 17.65% | 17.73%-0.1pp | 59.47%-41.8pp | 29.43%-11.8pp |
| Employer contribution / active EE | $2,477 | $2,528-2.0% | $4,333-42.8% | $2,241+10.5% |
| Participant deferral / active EE | $4,425 | $4,286+3.2% | $6,158-28.1% | $3,767+17.5% |
| Admin fee / account holder | $1,003 | $3,728-73.1% | $14,255-93.0% | $2,969-66.2% |