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.
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.)
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 | $14,625 | $68,346-78.6% | $94,646-84.5% | $75,163-80.5% |
| Participation rate | 97.4% | 76.1%+21.3pp | 80.8%+16.6pp | 67.2%+30.2pp |
| Annual return | -61.03% | 616.93%-678.0pp | 156.71%-217.7pp | 160.62%-221.6pp |
| Employer contribution / active EE | $8,114 | $2,701+200.4% | $3,672+121.0% | $2,670+203.9% |
| Participant deferral / active EE | $0 | $6,537-100.0% | $7,418-100.0% | $4,125-100.0% |
| Admin fee / account holder | $4,093 | $5,326-23.2% | $7,231-43.4% | $5,651-27.6% |