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.)
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 | $39,459 | $123,793-68.1% | $177,821-77.8% | $79,858-50.6% |
| Participation rate | 84.6% | 84.7%0pp | 87.7%-3.1pp | 69.6%+15.0pp |
| Annual return | 3.36% | 22.82%-19.5pp | 48.32%-45.0pp | 31.71%-28.4pp |
| Employer contribution / active EE | $2,149 | $4,095-47.5% | $5,918-63.7% | $2,471-13.0% |
| Participant deferral / active EE | $1,692 | $5,956-71.6% | $7,714-78.1% | $3,740-54.8% |
| Admin fee / account holder | $7,942 | $7,243+9.7% | $12,427-36.1% | $5,306+49.7% |