Filed December 20, 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 8-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 | $82,643 | $81,460+1.5% | $103,333-20.0% | $80,856+2.2% |
| Participation rate | 78.1% | 66.8%+11.3pp | 74.5%+3.6pp | 67.6%+10.5pp |
| Annual return | 15.21% | 25.55%-10.3pp | 24.88%-9.7pp | 35.59%-20.4pp |
| Employer contribution / active EE | $3,344 | $3,105+7.7% | $3,868-13.5% | $2,755+21.4% |
| Participant deferral / active EE | $7,273 | $3,869+88.0% | $5,057+43.8% | $4,296+69.3% |
| Admin fee / account holder | $6,427 | $6,566-2.1% | $8,355-23.1% | $6,918-7.1% |