Filed January 31, 2022 (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 6-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 | $53,811 | $43,723+23.1% | $121,196-55.6% | $64,186-16.2% |
| Participation rate | 39.6% | 58.3%-18.7pp | 71.7%-32.2pp | 69.6%-30.0pp |
| Annual return | -4.19% | 68.91%-73.1pp | 16.93%-21.1pp | 7.63%-11.8pp |
| Employer contribution / active EE | $0 | $1,296-100.0% | $4,022-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $2,124 | $2,280-6.8% | $3,344-36.5% | $3,470-38.8% |
| Admin fee / account holder | $8,909 | $3,501+154.5% | $5,019+77.5% | $4,888+82.3% |