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 | $87,501 | $78,422+11.6% | $95,952-8.8% | $79,858+9.6% |
| Participation rate | 76.4% | 73.5%+2.9pp | 77.1%-0.7pp | 69.6%+6.8pp |
| Annual return | 12.01% | 19.37%-7.4pp | 91.61%-79.6pp | 31.71%-19.7pp |
| Employer contribution / active EE | $1,142 | $1,945-41.3% | $2,541-55.1% | $2,471-53.8% |
| Participant deferral / active EE | $3,247 | $3,440-5.6% | $4,167-22.1% | $3,740-13.2% |
| Admin fee / account holder | $317 | $5,622-94.4% | $6,795-95.3% | $5,306-94.0% |