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.
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 | $30,098 | $55,415-45.7% | $155,509-80.6% | $74,495-59.6% |
| Participation rate | 17.2% | 61.9%-44.7pp | 78.2%-60.9pp | 67.2%-50.0pp |
| Annual return | 12.83% | 268.50%-255.7pp | 64.67%-51.8pp | 1364.94%-1352.1pp |
| Employer contribution / active EE | $418 | $2,267-81.6% | $4,672-91.1% | $2,623-84.1% |
| Participant deferral / active EE | $1,116 | $2,836-60.6% | $5,626-80.2% | $4,346-74.3% |
| Admin fee / account holder | $6,103 | $1,738+251.1% | $15,912-61.6% | $1,942+214.3% |