Filed July 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 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.
Employer 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 | $18,544 | $45,035-58.8% | $62,995-70.6% | $70,131-73.6% |
| Participation rate | 58.8% | 69.5%-10.7pp | 74.8%-16.0pp | 69.5%-10.7pp |
| Annual return | 20.85% | 18.76%+2.1pp | 87.57%-66.7pp | 73.14%-52.3pp |
| Employer contribution / active EE | $304 | $2,051-85.2% | $2,759-89.0% | $2,342-87.0% |
| Participant deferral / active EE | $2,058 | $2,465-16.5% | $3,329-38.2% | $3,332-38.2% |
| Admin fee / account holder | $2,243 | $2,834-20.9% | $3,600-37.7% | $4,645-51.7% |