Filed September 4, 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.
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 | $74,059 | $61,605+20.2% | $112,229-34.0% | $75,163-1.5% |
| Participation rate | 75.0% | 61.7%+13.3pp | 72.4%+2.6pp | 67.2%+7.8pp |
| Annual return | 16.82% | 28.47%-11.6pp | 30.20%-13.4pp | 160.62%-143.8pp |
| Employer contribution / active EE | $113 | $2,015-94.4% | $3,430-96.7% | $2,670-95.8% |
| Participant deferral / active EE | $4,144 | $3,108+33.3% | $4,798-13.6% | $4,125+0.5% |
| Admin fee / account holder | $21,955 | $4,862+351.5% | $7,748+183.3% | $5,651+288.5% |