Filed July 17, 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.
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,742 | $181,894-98.5% | $156,549-98.2% | $273,961-99.0% |
| Participation rate | 93.8% | 88.4%+5.4pp | 84.0%+9.7pp | 83.0%+10.7pp |
| Annual return | 11.67% | 30.74%-19.1pp | 32.23%-20.6pp | 41.45%-29.8pp |
| Employer contribution / active EE | $1,356 | $6,248-78.3% | $5,501-75.3% | $4,869-72.1% |
| Participant deferral / active EE | $872 | $5,550-84.3% | $4,871-82.1% | $5,287-83.5% |
| Admin fee / account holder | $682 | $15,559-95.6% | $13,027-94.8% | $10,132-93.3% |