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 | $55,336 | $56,357-1.8% | $104,294-46.9% | $68,494-19.2% |
| Participation rate | 34.8% | 63.3%-28.5pp | 73.3%-38.5pp | 67.9%-33.1pp |
| Annual return | -16.71% | -9.19%-7.5pp | 24.61%-41.3pp | -7.84%-8.9pp |
| Employer contribution / active EE | $0 | $1,960-100.0% | $3,372-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $1,560 | $3,077-49.3% | $4,625-66.3% | $4,027-61.3% |
| Admin fee / account holder | $16,771 | $4,903+242.1% | $7,339+128.5% | $5,403+210.4% |