Filed March 29, 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 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.
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,522 | $72,277-61.9% | $101,248-72.8% | $79,858-65.5% |
| Participation rate | 85.0% | 68.5%+16.5pp | 75.8%+9.2pp | 69.6%+15.4pp |
| Annual return | 1.21% | 22.30%-21.1pp | 46.47%-45.3pp | 31.71%-30.5pp |
| Employer contribution / active EE | $3,085 | $2,692+14.6% | $3,660-15.7% | $2,471+24.8% |
| Participant deferral / active EE | $0 | $3,282-100.0% | $4,370-100.0% | $3,740-100.0% |
| Admin fee / account holder | $571 | $4,400-87.0% | $5,945-90.4% | $5,306-89.2% |