Filed February 28, 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.
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 | $24,339 | $87,841-72.3% | $133,980-81.8% | $62,891-61.3% |
| Participation rate | 70.3% | 83.4%-13.1pp | 87.1%-16.8pp | 69.3%+1.0pp |
| Annual return | 1.67% | 12.05%-10.4pp | 29.30%-27.6pp | 20.14%-18.5pp |
| Employer contribution / active EE | $0 | $3,483-100.0% | $5,211-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $3,057 | $4,812-36.5% | $6,282-51.3% | $3,203-4.6% |
| Admin fee / account holder | $1,115 | $5,371-79.3% | $9,324-88.0% | $4,296-74.1% |