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 | $52,694 | $81,709-35.5% | $112,229-53.0% | - |
| Participation rate | 29.3% | 45.5%-16.2pp | 72.4%-43.1pp | - |
| Annual return | 13.04% | 6.32%+6.7pp | 30.20%-17.2pp | - |
| Employer contribution / active EE | $0 | $1,703-100.0% | $3,430-100.0% | - |
| Participant deferral / active EE | $1,165 | $2,305-49.4% | $4,798-75.7% | - |
| Admin fee / account holder | $16,275 | $7,785+109.0% | $7,748+110.0% | - |