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 | $54,978 | $59,328-7.3% | $118,925-53.8% | $73,488-25.2% |
| Participation rate | 40.6% | 62.3%-21.7pp | 75.4%-34.8pp | 70.7%-30.1pp |
| Annual return | 12.30% | 19.13%-6.8pp | 35.88%-23.6pp | 28.51%-16.2pp |
| Employer contribution / active EE | $0 | $1,803-100.0% | $3,263-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,458 | $2,604-44.0% | $4,265-65.8% | $3,740-61.0% |
| Admin fee / account holder | $4,022 | $600+570.0% | $6,581-38.9% | $513+683.9% |