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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,807 | $106,515-82.3% | $96,683-80.5% | $139,434-86.5% |
| Participation rate | 52.6% | 77.8%-25.2pp | 74.3%-21.7pp | 80.3%-27.7pp |
| Annual return | 26.62% | 38.43%-11.8pp | 35.69%-9.1pp | 372.94%-346.3pp |
| Employer contribution / active EE | $245 | $4,103-94.0% | $3,737-93.5% | $4,751-94.9% |
| Participant deferral / active EE | $3,696 | $5,454-32.2% | $4,878-24.2% | $6,710-44.9% |
| Admin fee / account holder | $523 | $7,877-93.4% | $6,730-92.2% | $11,403-95.4% |