Filed March 15, 2022 (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.
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 | $71,122 | $56,897+25.0% | $84,750-16.1% | $62,891+13.1% |
| Participation rate | 53.2% | 68.5%-15.4pp | 76.6%-23.4pp | 69.3%-16.1pp |
| Annual return | 6.65% | 6.30%+0.3pp | 22.78%-16.1pp | 20.14%-13.5pp |
| Employer contribution / active EE | $831 | $2,400-65.4% | $3,574-76.7% | $2,281-63.6% |
| Participant deferral / active EE | $3,226 | $2,709+19.1% | $3,712-13.1% | $3,203+0.7% |
| Admin fee / account holder | $1,927 | $3,581-46.2% | $5,332-63.9% | $4,296-55.1% |