Filed October 15, 2020
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 | $17,933 | $137,414-86.9% | $189,513-90.5% | $85,850-79.1% |
| Participation rate | 98.0% | 84.6%+13.3pp | 87.8%+10.2pp | 69.3%+28.6pp |
| Annual return | 55.03% | 38.14%+16.9pp | 555.15%-500.1pp | 318.53%-263.5pp |
| Employer contribution / active EE | $6,198 | $4,344+42.7% | $6,162+0.6% | $2,565+141.6% |
| Participant deferral / active EE | $9,379 | $6,260+49.8% | $8,221+14.1% | $3,952+137.3% |
| Admin fee / account holder | $723 | $8,630-91.6% | $12,045-94.0% | $6,260-88.4% |