Filed August 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 5-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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $95,907 | $80,673+18.9% | $101,326-5.3% | $84,808+13.1% |
| Participation rate | 86.1% | 77.8%+8.3pp | 81.5%+4.6pp | 68.3%+17.8pp |
| Annual return | 16.83% | 38.95%-22.1pp | 36.82%-20.0pp | 40.90%-24.1pp |
| Employer contribution / active EE | $0 | $2,698-100.0% | $3,665-100.0% | $2,631-100.0% |
| Participant deferral / active EE | $5,055 | $6,840-26.1% | $7,994-36.8% | $4,212+20.0% |
| Admin fee / account holder | $768 | $12,784-94.0% | $11,185-93.1% | $7,344-89.5% |