Filed December 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 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 | $17,532 | $73,933-76.3% | $96,683-81.9% | $75,163-76.7% |
| Participation rate | 74.7% | 66.4%+8.3pp | 74.3%+0.4pp | 67.2%+7.5pp |
| Annual return | 19.19% | 26.70%-7.5pp | 35.69%-16.5pp | 160.62%-141.4pp |
| Employer contribution / active EE | $1,234 | $2,928-57.8% | $3,737-67.0% | $2,670-53.8% |
| Participant deferral / active EE | $2,787 | $3,659-23.8% | $4,878-42.9% | $4,125-32.4% |
| Admin fee / account holder | $1,677 | $5,216-67.9% | $6,730-75.1% | $5,651-70.3% |