Filed December 6, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $51,507 | $52,836-2.5% | $105,738-51.3% | $64,186-19.8% |
| Participation rate | 44.8% | 66.5%-21.8pp | 76.3%-31.5pp | 69.6%-24.8pp |
| Annual return | 15.08% | 14.30%+0.8pp | 6.27%+8.8pp | 7.63%+7.4pp |
| Employer contribution / active EE | $0 | $1,827-100.0% | $3,268-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,634 | $2,545-35.8% | $4,080-59.9% | $3,470-52.9% |
| Admin fee / account holder | $6,820 | $3,959+72.3% | $6,913-1.3% | $4,888+39.5% |