Filed April 27, 2022
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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $171,938 | $495,011-65.3% | $442,409-61.1% | $357,791-51.9% |
| Participation rate | 88.9% | 88.7%+0.2pp | 88.0%+0.9pp | 85.6%+3.3pp |
| Annual return | 22.33% | 92.83%-70.5pp | 90.53%-68.2pp | 396.79%-374.5pp |
| Employer contribution / active EE | $627 | $8,270-92.4% | $7,697-91.9% | $7,508-91.7% |
| Participant deferral / active EE | $14,941 | $7,613+96.3% | $7,555+97.8% | $5,521+170.6% |
| Admin fee / account holder | $66,327 | $60,147+10.3% | $51,603+28.5% | $28,387+133.6% |