Filed March 23, 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 7-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 | $25,407 | $63,442-60.0% | $68,791-63.1% | $66,914-62.0% |
| Participation rate | 29.1% | 60.0%-30.9pp | 69.0%-40.0pp | 69.8%-40.7pp |
| Annual return | -20.18% | -8.29%-11.9pp | -6.38%-13.8pp | 1.58%-21.8pp |
| Employer contribution / active EE | $556 | $1,775-68.7% | $2,655-79.1% | $2,544-78.1% |
| Participant deferral / active EE | $1,511 | $2,945-48.7% | $3,941-61.7% | $4,237-64.3% |
| Admin fee / account holder | $1,494 | $577+158.7% | $4,932-69.7% | $593+151.8% |