Filed August 9, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,926 | $76,407-20.3% | $150,298-59.5% | $82,448-26.1% |
| Participation rate | 27.7% | 66.4%-38.7pp | 77.8%-50.0pp | 68.1%-40.4pp |
| Annual return | 9.98% | 39.99%-30.0pp | 62.79%-52.8pp | 41.64%-31.7pp |
| Employer contribution / active EE | $1,388 | $2,614-46.9% | $4,154-66.6% | $2,551-45.6% |
| Participant deferral / active EE | $1,297 | $3,214-59.6% | $5,453-76.2% | $4,139-68.7% |
| Admin fee / account holder | $3,946 | $6,352-37.9% | $14,116-72.0% | $7,234-45.4% |