Filed September 11, 2023 (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 | $27,052 | $49,177-45.0% | $79,464-66.0% | $64,186-57.9% |
| Participation rate | 40.3% | 65.0%-24.7pp | 73.3%-33.0pp | 69.6%-29.3pp |
| Annual return | -1.27% | -1.16%-0.1pp | 718.14%-719.4pp | 7.63%-8.9pp |
| Employer contribution / active EE | $668 | $2,076-67.8% | $2,800-76.2% | $2,381-72.0% |
| Participant deferral / active EE | $1,462 | $2,821-48.2% | $3,704-60.5% | $3,470-57.9% |
| Admin fee / account holder | $716 | $3,839-81.3% | $5,113-86.0% | $4,888-85.4% |