Filed July 10, 2024 (most recent of 2 filings on file)
Total covered: 7 employees
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.
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,624 | $100,041-64.4% | $149,718-76.2% | $70,131-49.2% |
| Participation rate | 66.7% | 83.6%-16.9pp | 87.1%-20.4pp | 69.5%-2.9pp |
| Annual return | 6.69% | 27.43%-20.7pp | 1501.63%-1494.9pp | 73.14%-66.5pp |
| Employer contribution / active EE | $485 | $3,662-86.7% | $5,445-91.1% | $2,342-79.3% |
| Participant deferral / active EE | $2,459 | $4,983-50.6% | $6,569-62.6% | $3,332-26.2% |
| Admin fee / account holder | $3,651 | $8,286-55.9% | $11,283-67.6% | $4,645-21.4% |