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 | $87,367 | $52,406+66.7% | $129,207-32.4% | $74,495+17.3% |
| Participation rate | 37.6% | 53.8%-16.2pp | 69.6%-32.0pp | 67.2%-29.6pp |
| Annual return | 13.14% | 15.66%-2.5pp | 9417.33%-9404.2pp | 1364.94%-1351.8pp |
| Employer contribution / active EE | $1,343 | $1,531-12.2% | $4,153-67.7% | $2,623-48.8% |
| Participant deferral / active EE | $2,704 | $2,794-3.2% | $4,168-35.1% | $4,346-37.8% |
| Admin fee / account holder | $6,011 | $2,633+128.3% | $7,715-22.1% | $1,942+209.6% |