Filed April 9, 2024
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,467 | $51,576-11.8% | $129,207-64.8% | $80,856-43.8% |
| Participation rate | 68.8% | 57.0%+11.8pp | 69.6%-0.9pp | 67.6%+1.1pp |
| Annual return | 13.40% | 20.81%-7.4pp | 9417.33%-9403.9pp | 35.59%-22.2pp |
| Employer contribution / active EE | $1,928 | $1,584+21.8% | $4,153-53.6% | $2,755-30.0% |
| Participant deferral / active EE | $3,253 | $2,669+21.9% | $4,168-21.9% | $4,296-24.3% |
| Admin fee / account holder | $3,695 | $4,305-14.2% | $7,715-52.1% | $6,918-46.6% |