Filed July 6, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $37,241 | $70,587-47.2% | $124,672-70.1% | $85,850-56.6% |
| Participation rate | 29.0% | 64.4%-35.4pp | 74.6%-45.6pp | 69.3%-40.3pp |
| Annual return | 14.64% | 20688.83%-20674.2pp | 5142.93%-5128.3pp | 318.53%-303.9pp |
| Employer contribution / active EE | $0 | $1,913-100.0% | $3,324-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $655 | $2,969-77.9% | $4,614-85.8% | $3,952-83.4% |
| Admin fee / account holder | $1,582 | $5,282-70.1% | $7,493-78.9% | $6,260-74.7% |