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 | $19,500 | $77,503-74.8% | $100,391-80.6% | $80,856-75.9% |
| Participation rate | 97.4% | 76.9%+20.5pp | 81.5%+16.0pp | 67.6%+29.8pp |
| Annual return | -20.70% | 37.20%-57.9pp | 49.20%-69.9pp | 35.59%-56.3pp |
| Employer contribution / active EE | $8,192 | $2,801+192.5% | $3,942+107.8% | $2,755+197.4% |
| Participant deferral / active EE | $0 | $6,820-100.0% | $8,082-100.0% | $4,296-100.0% |
| Admin fee / account holder | $4,107 | $5,897-30.4% | $7,899-48.0% | $6,918-40.6% |