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.
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.)
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 | $28,733 | $101,724-71.8% | $164,813-82.6% | $80,856-64.5% |
| Participation rate | 83.6% | 71.8%+11.8pp | 78.6%+5.0pp | 67.6%+15.9pp |
| Annual return | 12.35% | 16.72%-4.4pp | 69.93%-57.6pp | 35.59%-23.2pp |
| Employer contribution / active EE | $568 | $2,953-80.8% | $4,341-86.9% | $2,755-79.4% |
| Participant deferral / active EE | $4,269 | $4,477-4.7% | $6,031-29.2% | $4,296-0.6% |
| Admin fee / account holder | $2,583 | $8,227-68.6% | $12,690-79.6% | $6,918-62.7% |