Filed March 10, 2021 (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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,884 | $46,360-1.0% | $147,614-68.9% | $52,331-12.3% |
| Participation rate | 21.9% | 64.9%-43.1pp | 84.6%-62.7pp | 68.1%-46.2pp |
| Annual return | -4.53% | 1.62%-6.2pp | 61.98%-66.5pp | 4.54%-9.1pp |
| Employer contribution / active EE | $0 | $2,126-100.0% | $5,564-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,682 | $2,258-25.5% | $4,895-65.6% | $3,022-44.4% |
| Admin fee / account holder | $5,232 | $766+583.2% | $11,611-54.9% | $592+784.4% |