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 | $101,168 | $53,777+88.1% | $134,143-24.6% | $79,858+26.7% |
| Participation rate | 51.8% | 58.8%-7.0pp | 72.2%-20.4pp | 69.6%-17.8pp |
| Annual return | 13.52% | 19.01%-5.5pp | 36.33%-22.8pp | 31.71%-18.2pp |
| Employer contribution / active EE | $1,992 | $1,321+50.8% | $3,704-46.2% | $2,471-19.4% |
| Participant deferral / active EE | $3,591 | $2,420+48.4% | $3,499+2.6% | $3,740-4.0% |
| Admin fee / account holder | $14,971 | $3,984+275.8% | $6,684+124.0% | $5,306+182.1% |