Filed April 4, 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 8-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 | $13,775 | $133,958-89.7% | $112,228-87.7% | $134,475-89.8% |
| Participation rate | 42.9% | 78.6%-35.7pp | 75.1%-32.2pp | 81.2%-38.4pp |
| Annual return | -20.53% | 47.11%-67.6pp | 27.45%-48.0pp | 417.96%-438.5pp |
| Employer contribution / active EE | $170 | $4,038-95.8% | $3,635-95.3% | $4,740-96.4% |
| Participant deferral / active EE | $2,076 | $5,291-60.8% | $4,728-56.1% | $6,400-67.6% |
| Admin fee / account holder | $937 | $7,489-87.5% | $6,410-85.4% | $11,426-91.8% |