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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,551 | $185,822-63.6% | $169,993-60.3% | $139,434-51.6% |
| Participation rate | 58.8% | 87.8%-28.9pp | 87.0%-28.2pp | 80.3%-21.5pp |
| Annual return | -0.28% | 60.50%-60.8pp | 53.37%-53.7pp | 372.94%-373.2pp |
| Employer contribution / active EE | $0 | $7,590-100.0% | $6,785-100.0% | $4,751-100.0% |
| Participant deferral / active EE | $903 | $11,622-92.2% | $10,408-91.3% | $6,710-86.5% |
| Admin fee / account holder | $607 | $15,381-96.1% | $12,815-95.3% | $11,403-94.7% |