Filed January 23, 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.
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 | $67,010 | $110,094-39.1% | $151,611-55.8% | $68,494-2.2% |
| Participation rate | 69.8% | 84.0%-14.2pp | 87.5%-17.7pp | 67.9%+1.9pp |
| Annual return | -16.70% | -10.12%-6.6pp | 3.33%-20.0pp | -7.84%-8.9pp |
| Employer contribution / active EE | $1,731 | $4,471-61.3% | $6,166-71.9% | $2,596-33.3% |
| Participant deferral / active EE | $3,364 | $6,527-48.5% | $8,363-59.8% | $4,027-16.5% |
| Admin fee / account holder | $6,517 | $7,719-15.6% | $11,616-43.9% | $5,403+20.6% |