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 | $110,065 | $86,929+26.6% | $102,423+7.5% | $80,856+36.1% |
| Participation rate | 71.8% | 72.4%-0.6pp | 76.5%-4.7pp | 67.6%+4.2pp |
| Annual return | 24.40% | 18.88%+5.5pp | 29.32%-4.9pp | 35.59%-11.2pp |
| Employer contribution / active EE | $1,146 | $2,369-51.6% | $3,023-62.1% | $2,755-58.4% |
| Participant deferral / active EE | $3,217 | $4,118-21.9% | $5,053-36.3% | $4,296-25.1% |
| Admin fee / account holder | $3,969 | $8,049-50.7% | $9,451-58.0% | $6,918-42.6% |