Filed June 25, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,574 | $79,523-31.4% | $140,016-61.0% | $56,287-3.0% |
| Participation rate | 78.6% | 85.7%-7.1pp | 87.5%-8.9pp | 69.9%+8.8pp |
| Annual return | -6.23% | 2.39%-8.6pp | 651.12%-657.3pp | -9.96%+3.7pp |
| Employer contribution / active EE | $935 | $3,350-72.1% | $5,606-83.3% | $2,111-55.7% |
| Participant deferral / active EE | $2,824 | $5,129-44.9% | $6,927-59.2% | $3,350-15.7% |
| Admin fee / account holder | $2,613 | $614+325.4% | $10,705-75.6% | $521+401.7% |