Filed November 25, 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 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,953 | $136,307-67.8% | $177,821-75.3% | $73,488-40.2% |
| Participation rate | 92.0% | 86.1%+5.9pp | 87.7%+4.3pp | 70.7%+21.3pp |
| Annual return | 13.16% | 18.68%-5.5pp | 48.32%-35.2pp | 28.51%-15.4pp |
| Employer contribution / active EE | $1,039 | $3,712-72.0% | $5,918-82.5% | $2,270-54.3% |
| Participant deferral / active EE | $2,101 | $5,829-63.9% | $7,714-72.8% | $3,740-43.8% |
| Admin fee / account holder | $2,197 | $596+268.9% | $12,427-82.3% | $513+328.2% |