Filed April 26, 2021 (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 | $48,787 | $87,841-44.5% | $133,980-63.6% | $62,891-22.4% |
| Participation rate | 61.7% | 83.4%-21.7pp | 87.1%-25.4pp | 69.3%-7.6pp |
| Annual return | 9.91% | 12.05%-2.1pp | 29.30%-19.4pp | 20.14%-10.2pp |
| Employer contribution / active EE | $1,488 | $3,483-57.3% | $5,211-71.4% | $2,281-34.8% |
| Participant deferral / active EE | $2,518 | $4,812-47.7% | $6,282-59.9% | $3,203-21.4% |
| Admin fee / account holder | $1,796 | $5,371-66.6% | $9,324-80.7% | $4,296-58.2% |