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 | $107,866 | $86,286+25.0% | $111,297-3.1% | $85,850+25.6% |
| Participation rate | 71.6% | 73.3%-1.7pp | 77.3%-5.7pp | 69.3%+2.3pp |
| Annual return | 19.73% | 19.99%-0.3pp | 54.65%-34.9pp | 318.53%-298.8pp |
| Employer contribution / active EE | $1,218 | $2,043-40.4% | $2,731-55.4% | $2,565-52.5% |
| Participant deferral / active EE | $3,705 | $3,641+1.8% | $4,487-17.4% | $3,952-6.2% |
| Admin fee / account holder | $2,898 | $8,188-64.6% | $7,964-63.6% | $6,260-53.7% |