Filed July 20, 2021
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 6-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 | $10,649 | $49,177-78.3% | $79,464-86.6% | $64,186-83.4% |
| Participation rate | 100.0% | 65.0%+35.0pp | 73.3%+26.7pp | 69.6%+30.4pp |
| Annual return | 18.78% | -1.16%+19.9pp | 718.14%-699.4pp | 7.63%+11.1pp |
| Employer contribution / active EE | $1,957 | $2,076-5.7% | $2,800-30.1% | $2,381-17.8% |
| Participant deferral / active EE | $3,732 | $2,821+32.3% | $3,704+0.8% | $3,470+7.6% |
| Admin fee / account holder | $601 | $3,839-84.3% | $5,113-88.2% | $4,888-87.7% |