Filed April 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 3-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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $7,431 | $77,503-90.4% | $100,391-92.6% | $80,856-90.8% |
| Participation rate | 91.9% | 76.9%+14.9pp | 81.5%+10.4pp | 67.6%+24.3pp |
| Annual return | 10.31% | 37.20%-26.9pp | 49.20%-38.9pp | 35.59%-25.3pp |
| Employer contribution / active EE | $270 | $2,801-90.4% | $3,942-93.2% | $2,755-90.2% |
| Participant deferral / active EE | $2,521 | $6,820-63.0% | $8,082-68.8% | $4,296-41.3% |
| Admin fee / account holder | $14,063 | $5,897+138.5% | $7,899+78.0% | $6,918+103.3% |