Filed November 30, 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 | $66,775 | $62,586+6.7% | $76,768-13.0% | $64,186+4.0% |
| Participation rate | 76.3% | 72.8%+3.5pp | 77.0%-0.6pp | 69.6%+6.7pp |
| Annual return | 6.94% | -1.95%+8.9pp | 2.43%+4.5pp | 7.63%-0.7pp |
| Employer contribution / active EE | $1,089 | $1,832-40.6% | $2,485-56.2% | $2,381-54.3% |
| Participant deferral / active EE | $2,672 | $3,145-15.0% | $3,852-30.6% | $3,470-23.0% |
| Admin fee / account holder | $4,490 | $4,667-3.8% | $6,675-32.7% | $4,888-8.1% |