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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,198 | $68,346+5.6% | $94,646-23.7% | $75,163-3.9% |
| Participation rate | 71.1% | 76.1%-5.0pp | 80.8%-9.8pp | 67.2%+3.9pp |
| Annual return | 13.97% | 616.93%-603.0pp | 156.71%-142.7pp | 160.62%-146.7pp |
| Employer contribution / active EE | $0 | $2,701-100.0% | $3,672-100.0% | $2,670-100.0% |
| Participant deferral / active EE | $5,809 | $6,537-11.1% | $7,418-21.7% | $4,125+40.8% |
| Admin fee / account holder | $21,777 | $5,326+308.9% | $7,231+201.2% | $5,651+285.4% |