Filed August 30, 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 5-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,383 | $59,107+15.7% | $86,436-20.9% | $68,494-0.2% |
| Participation rate | 76.3% | 75.2%+1.1pp | 80.3%-4.0pp | 67.9%+8.4pp |
| Annual return | -18.14% | -0.23%-17.9pp | 4394.89%-4413.0pp | -7.84%-10.3pp |
| Employer contribution / active EE | $0 | $2,519-100.0% | $3,769-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $5,981 | $5,901+1.4% | $6,952-14.0% | $4,027+48.5% |
| Admin fee / account holder | $4,447 | $5,637-21.1% | $6,731-33.9% | $5,403-17.7% |