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 | $47,129 | $54,350-13.3% | $82,719-43.0% | $68,494-31.2% |
| Participation rate | 60.6% | 63.9%-3.3pp | 72.6%-11.9pp | 67.9%-7.3pp |
| Annual return | -10.77% | -13.67%+2.9pp | 701.18%-712.0pp | -7.84%-2.9pp |
| Employer contribution / active EE | $2,230 | $2,218+0.5% | $3,009-25.9% | $2,596-14.1% |
| Participant deferral / active EE | $7,494 | $3,246+130.9% | $4,395+70.5% | $4,027+86.1% |
| Admin fee / account holder | $1,625 | $4,395-63.0% | $5,329-69.5% | $5,403-69.9% |