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 | $39,368 | $60,124-34.5% | $90,404-56.5% | $79,858-50.7% |
| Participation rate | 44.0% | 65.0%-21.0pp | 72.7%-28.7pp | 69.6%-25.6pp |
| Annual return | 11.52% | 71.94%-60.4pp | 1293.02%-1281.5pp | 31.71%-20.2pp |
| Employer contribution / active EE | $930 | $2,068-55.0% | $3,262-71.5% | $2,471-62.4% |
| Participant deferral / active EE | $1,893 | $2,938-35.6% | $3,963-52.2% | $3,740-49.4% |
| Admin fee / account holder | $1,612 | $3,976-59.5% | $5,611-71.3% | $5,306-69.6% |