Filed June 20, 2023 (most recent of 3 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 7-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.
Employer 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 | $24,267 | $61,272-60.4% | $149,673-83.8% | $71,457-66.0% |
| Participation rate | 22.5% | 62.5%-40.0pp | 78.8%-56.2pp | 67.9%-45.4pp |
| Annual return | 16.47% | 35.85%-19.4pp | 134.42%-117.9pp | 28.85%-12.4pp |
| Employer contribution / active EE | $348 | $2,378-85.4% | $4,818-92.8% | $2,588-86.5% |
| Participant deferral / active EE | $962 | $2,917-67.0% | $5,680-83.1% | $4,289-77.6% |
| Admin fee / account holder | $2,882 | $1,261+128.5% | $13,210-78.2% | $1,587+81.6% |