Filed July 23, 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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,627 | $148,978-15.0% | $200,582-36.9% | $84,808+49.3% |
| Participation rate | 90.3% | 84.2%+6.1pp | 86.9%+3.4pp | 68.3%+22.0pp |
| Annual return | 1.82% | 28.16%-26.3pp | 42.33%-40.5pp | 40.90%-39.1pp |
| Employer contribution / active EE | $1,563 | $4,815-67.5% | $6,419-75.6% | $2,631-40.6% |
| Participant deferral / active EE | $5,138 | $7,142-28.1% | $9,331-44.9% | $4,212+22.0% |
| Admin fee / account holder | $673 | $13,977-95.2% | $16,305-95.9% | $7,344-90.8% |