Filed August 31, 2021 (most recent of 2 filings on file)
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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $61,862 | $167,484-63.1% | $151,611-59.2% | $134,475-54.0% |
| Participation rate | 64.7% | 88.4%-23.7pp | 87.5%-22.8pp | 81.2%-16.5pp |
| Annual return | -7.90% | 7.80%-15.7pp | 3.33%-11.2pp | 417.96%-425.9pp |
| Employer contribution / active EE | $0 | $6,829-100.0% | $6,166-100.0% | $4,740-100.0% |
| Participant deferral / active EE | $1,540 | $8,986-82.9% | $8,363-81.6% | $6,400-75.9% |
| Admin fee / account holder | $1,170 | $13,783-91.5% | $11,616-89.9% | $11,426-89.8% |