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 | $19,052 | $111,754-83.0% | $103,333-81.6% | $145,922-86.9% |
| Participation rate | 60.0% | 77.9%-17.9pp | 74.5%-14.5pp | 80.3%-20.3pp |
| Annual return | 5.79% | 24.77%-19.0pp | 24.88%-19.1pp | 561.29%-555.5pp |
| Employer contribution / active EE | $246 | $4,212-94.2% | $3,868-93.6% | $4,660-94.7% |
| Participant deferral / active EE | $4,014 | $5,619-28.6% | $5,057-20.6% | $6,688-40.0% |
| Admin fee / account holder | $7,836 | $9,750-19.6% | $8,355-6.2% | $13,397-41.5% |