Filed September 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.)
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 | $30,524 | $109,359-72.1% | $162,163-81.2% | $72,985-58.2% |
| Participation rate | 83.3% | 84.3%-0.9pp | 87.6%-4.2pp | 69.5%+13.8pp |
| Annual return | 42.29% | 25.46%+16.8pp | 115.59%-73.3pp | 81.00%-38.7pp |
| Employer contribution / active EE | $2,051 | $3,907-47.5% | $5,614-63.5% | $2,440-16.0% |
| Participant deferral / active EE | $4,387 | $5,481-20.0% | $7,298-39.9% | $3,607+21.6% |
| Admin fee / account holder | $2,647 | $7,972-66.8% | $10,843-75.6% | $5,124-48.3% |