Filed September 21, 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 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 | $115,687 | $167,484-30.9% | $151,611-23.7% | $134,475-14.0% |
| Participation rate | 69.2% | 88.4%-19.2pp | 87.5%-18.3pp | 81.2%-12.0pp |
| Annual return | -17.99% | 7.80%-25.8pp | 3.33%-21.3pp | 417.96%-436.0pp |
| Employer contribution / active EE | $2,830 | $6,829-58.6% | $6,166-54.1% | $4,740-40.3% |
| Participant deferral / active EE | $3,984 | $8,986-55.7% | $8,363-52.4% | $6,400-37.7% |
| Admin fee / account holder | $4,526 | $13,783-67.2% | $11,616-61.0% | $11,426-60.4% |