Filed November 5, 2024 (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 3-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.
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.)
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 | $12,971 | $82,032-84.2% | $123,104-89.5% | $59,632-78.2% |
| Participation rate | 58.4% | 83.2%-24.8pp | 86.8%-28.3pp | 68.7%-10.2pp |
| Annual return | 1.26% | 5.12%-3.9pp | 13.22%-12.0pp | 2041.28%-2040.0pp |
| Employer contribution / active EE | $0 | $3,297-100.0% | $5,151-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,343 | $4,667-71.2% | $6,230-78.4% | $3,192-57.9% |
| Admin fee / account holder | $1,465 | $5,881-75.1% | $9,015-83.7% | $4,297-65.9% |