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 | $85,090 | $48,570+75.2% | $130,648-34.9% | $72,985+16.6% |
| Participation rate | 47.7% | 58.6%-10.9pp | 71.7%-24.1pp | 69.5%-21.8pp |
| Annual return | 23.61% | 38.63%-15.0pp | 1708.96%-1685.3pp | 81.00%-57.4pp |
| Employer contribution / active EE | $1,716 | $1,334+28.6% | $4,092-58.1% | $2,440-29.7% |
| Participant deferral / active EE | $2,832 | $2,384+18.8% | $3,603-21.4% | $3,607-21.5% |
| Admin fee / account holder | $30,898 | $3,549+770.6% | $5,464+465.4% | $5,124+503.0% |