Filed February 3, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,980 | $109,359-59.8% | $162,163-72.9% | $72,985-39.7% |
| Participation rate | 77.8% | 84.3%-6.5pp | 87.6%-9.8pp | 69.5%+8.3pp |
| Annual return | 20.18% | 25.46%-5.3pp | 115.59%-95.4pp | 81.00%-60.8pp |
| Employer contribution / active EE | $1,847 | $3,907-52.7% | $5,614-67.1% | $2,440-24.3% |
| Participant deferral / active EE | $1,578 | $5,481-71.2% | $7,298-78.4% | $3,607-56.3% |
| Admin fee / account holder | $2,160 | $7,972-72.9% | $10,843-80.1% | $5,124-57.9% |