Filed November 10, 2023 (most recent of 3 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 | $92,630 | $43,723+111.9% | $121,196-23.6% | $64,186+44.3% |
| Participation rate | 48.6% | 58.3%-9.8pp | 71.7%-23.2pp | 69.6%-21.0pp |
| Annual return | -6.80% | 68.91%-75.7pp | 16.93%-23.7pp | 7.63%-14.4pp |
| Employer contribution / active EE | $1,644 | $1,296+26.8% | $4,022-59.1% | $2,381-31.0% |
| Participant deferral / active EE | $2,787 | $2,280+22.2% | $3,344-16.7% | $3,470-19.7% |
| Admin fee / account holder | $17,703 | $3,501+405.7% | $5,019+252.7% | $4,888+262.2% |