Filed October 3, 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.
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.
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 | $20,936 | $77,813-73.1% | $123,544-83.1% | $64,186-67.4% |
| Participation rate | 66.7% | 74.7%-8.0pp | 82.3%-15.6pp | 69.6%-2.9pp |
| Annual return | -0.68% | 12.48%-13.2pp | 119.20%-119.9pp | 7.63%-8.3pp |
| Employer contribution / active EE | $1,076 | $3,014-64.3% | $4,628-76.8% | $2,381-54.8% |
| Participant deferral / active EE | $1,629 | $5,240-68.9% | $6,426-74.6% | $3,470-53.0% |
| Admin fee / account holder | $5,275 | $5,519-4.4% | $9,284-43.2% | $4,888+7.9% |