Filed September 1, 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 | $54,690 | $43,723+25.1% | $121,196-54.9% | $64,186-14.8% |
| Participation rate | 57.1% | 58.3%-1.2pp | 71.7%-14.6pp | 69.6%-12.4pp |
| Annual return | -7.23% | 68.91%-76.1pp | 16.93%-24.2pp | 7.63%-14.9pp |
| Employer contribution / active EE | $1,588 | $1,296+22.5% | $4,022-60.5% | $2,381-33.3% |
| Participant deferral / active EE | $3,406 | $2,280+49.4% | $3,344+1.8% | $3,470-1.8% |
| Admin fee / account holder | $8,828 | $3,501+152.1% | $5,019+75.9% | $4,888+80.6% |