Filed October 27, 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 | $139,651 | $123,793+12.8% | $177,821-21.5% | $79,858+74.9% |
| Participation rate | 96.2% | 84.7%+11.5pp | 87.7%+8.4pp | 69.6%+26.5pp |
| Annual return | 14.01% | 22.82%-8.8pp | 48.32%-34.3pp | 31.71%-17.7pp |
| Employer contribution / active EE | $4,821 | $4,095+17.7% | $5,918-18.5% | $2,471+95.1% |
| Participant deferral / active EE | $8,784 | $5,956+47.5% | $7,714+13.9% | $3,740+134.9% |
| Admin fee / account holder | $6,505 | $7,243-10.2% | $12,427-47.7% | $5,306+22.6% |