Filed March 20, 2024
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,282 | $64,890+2.1% | $134,172-50.6% | $67,986-2.5% |
| Participation rate | 64.3% | 48.5%+15.8pp | 72.5%-8.1pp | 57.2%+7.1pp |
| Annual return | 15.44% | 16.12%-0.7pp | 25.30%-9.9pp | 31.67%-16.2pp |
| Employer contribution / active EE | $1,092 | $1,360-19.7% | $3,420-68.1% | $2,019-45.9% |
| Participant deferral / active EE | $3,625 | $2,289+58.4% | $4,690-22.7% | $3,358+8.0% |
| Admin fee / account holder | $1,591 | $3,140-49.3% | $12,016-86.8% | $3,203-50.3% |