Filed April 3, 2024 (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 6-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 | $34,159 | $59,107-42.2% | $86,436-60.5% | $68,494-50.1% |
| Participation rate | 65.9% | 75.2%-9.3pp | 80.3%-14.4pp | 67.9%-2.0pp |
| Annual return | 19.65% | -0.23%+19.9pp | 4394.89%-4375.2pp | -7.84%+27.5pp |
| Employer contribution / active EE | $7,853 | $2,519+211.8% | $3,769+108.4% | $2,596+202.5% |
| Participant deferral / active EE | $3,369 | $5,901-42.9% | $6,952-51.5% | $4,027-16.3% |
| Admin fee / account holder | $498 | $5,637-91.2% | $6,731-92.6% | $5,403-90.8% |