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 | $80,717-24.5% | $154,803-60.6% | $84,808-28.2% |
| Participation rate | 27.7% | 66.8%-39.1pp | 78.1%-50.4pp | 68.3%-40.6pp |
| Annual return | 9.98% | 37.96%-28.0pp | 58.88%-48.9pp | 40.90%-30.9pp |
| Employer contribution / active EE | $1,388 | $2,761-49.7% | $4,305-67.8% | $2,631-47.2% |
| Participant deferral / active EE | $1,297 | $3,303-60.7% | $5,540-76.6% | $4,212-69.2% |
| Admin fee / account holder | $3,946 | $6,746-41.5% | $14,329-72.5% | $7,344-46.3% |