Filed August 11, 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 | $29,994 | $94,529-68.3% | $140,016-78.6% | $64,186-53.3% |
| Participation rate | 100.0% | 84.1%+15.9pp | 87.5%+12.5pp | 69.6%+30.4pp |
| Annual return | -7.76% | 7.77%-15.5pp | 651.12%-658.9pp | 7.63%-15.4pp |
| Employer contribution / active EE | $943 | $3,812-75.3% | $5,606-83.2% | $2,381-60.4% |
| Participant deferral / active EE | $667 | $5,250-87.3% | $6,927-90.4% | $3,470-80.8% |
| Admin fee / account holder | $2,004 | $6,741-70.3% | $10,705-81.3% | $4,888-59.0% |