Filed March 6, 2024 (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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $46,424 | $53,136-12.6% | $155,509-70.1% | $199,593-76.7% |
| Participation rate | 0.0% | 64.1%-64.1pp | 78.2%-78.2pp | 72.0%-72.0pp |
| Annual return | 0.00% | 41.15%-41.1pp | 64.67%-64.7pp | 34.25%-34.3pp |
| Employer contribution / active EE | $0 | $1,851-100.0% | $4,672-100.0% | $3,034-100.0% |
| Participant deferral / active EE | $174 | $3,161-94.5% | $5,626-96.9% | $5,087-96.6% |
| Admin fee / account holder | $1,486 | $185+701.3% | $15,912-90.7% | $269+452.6% |