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 | $23,653 | $81,900-71.1% | $119,609-80.2% | $68,494-65.5% |
| Participation rate | 95.1% | 71.9%+23.2pp | 79.3%+15.9pp | 67.9%+27.2pp |
| Annual return | 2.91% | -23.82%+26.7pp | -14.97%+17.9pp | -7.84%+10.8pp |
| Employer contribution / active EE | $811 | $2,693-69.9% | $4,232-80.8% | $2,596-68.8% |
| Participant deferral / active EE | $6,120 | $4,148+47.6% | $5,602+9.3% | $4,027+52.0% |
| Admin fee / account holder | $1,317 | $6,582-80.0% | $10,323-87.2% | $5,403-75.6% |