Filed March 13, 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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,311 | $52,406-38.3% | $129,207-75.0% | $74,495-56.6% |
| Participation rate | 17.4% | 53.8%-36.4pp | 69.6%-52.2pp | 67.2%-49.8pp |
| Annual return | 11.01% | 15.66%-4.6pp | 9417.33%-9406.3pp | 1364.94%-1353.9pp |
| Employer contribution / active EE | $104 | $1,531-93.2% | $4,153-97.5% | $2,623-96.0% |
| Participant deferral / active EE | $924 | $2,794-66.9% | $4,168-77.8% | $4,346-78.7% |
| Admin fee / account holder | $2,295 | $2,633-12.8% | $7,715-70.3% | $1,942+18.2% |