Filed September 8, 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 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.)
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 | $10,458 | $85,202-87.7% | $172,739-93.9% | $72,985-85.7% |
| Participation rate | 80.9% | 70.1%+10.8pp | 82.6%-1.8pp | 69.5%+11.4pp |
| Annual return | 3.44% | 27.32%-23.9pp | 802.84%-799.4pp | 81.00%-77.6pp |
| Employer contribution / active EE | $0 | $3,324-100.0% | $5,143-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $744 | $3,260-77.2% | $5,198-85.7% | $3,607-79.4% |
| Admin fee / account holder | $430 | $5,884-92.7% | $13,954-96.9% | $5,124-91.6% |