Filed January 3, 2024
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.
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $3,775 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,624 | $38,058-74.7% | $169,463-94.3% | $75,289-87.2% |
| Participation rate | 42.0% | 65.1%-23.2pp | 77.8%-35.8pp | 72.4%-30.5pp |
| Annual return | -7.19% | -2.88%-4.3pp | 1.83%-9.0pp | -0.04%-7.1pp |
| Employer contribution / active EE | $697 | $1,478-52.9% | $4,159-83.2% | $2,405-71.0% |
| Participant deferral / active EE | $1,131 | $3,201-64.7% | $5,277-78.6% | $3,739-69.7% |
| Admin fee / account holder | $82 | $85-3.4% | $9,109-99.1% | $102-19.5% |