Filed July 25, 2023 (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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,152 | $65,908-61.8% | $81,812-69.3% | $77,643-67.6% |
| Participation rate | 6.7% | 65.8%-59.1pp | 72.3%-65.6pp | 70.6%-63.8pp |
| Annual return | 13.42% | 26.64%-13.2pp | 773.79%-760.4pp | 31.24%-17.8pp |
| Employer contribution / active EE | $0 | $2,370-100.0% | $2,912-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $526 | $3,505-85.0% | $4,319-87.8% | $4,647-88.7% |
| Admin fee / account holder | $1,142 | $526+116.9% | $7,386-84.5% | $430+165.3% |