Filed October 2, 2020
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 8-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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,121 | $99,985-78.9% | $146,665-85.6% | $85,850-75.4% |
| Participation rate | 88.6% | 73.1%+15.6pp | 80.1%+8.6pp | 69.3%+19.3pp |
| Annual return | 14.36% | 18.93%-4.6pp | 22.74%-8.4pp | 318.53%-304.2pp |
| Employer contribution / active EE | $768 | $2,559-70.0% | $4,136-81.4% | $2,565-70.1% |
| Participant deferral / active EE | $4,263 | $4,006+6.4% | $5,506-22.6% | $3,952+7.9% |
| Admin fee / account holder | $2,062 | $7,702-73.2% | $10,280-79.9% | $6,260-67.1% |