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 | $58,353 | $88,751-34.3% | $81,812-28.7% | $145,922-60.0% |
| Participation rate | 47.8% | 75.0%-27.2pp | 72.3%-24.5pp | 80.3%-32.5pp |
| Annual return | 10.89% | 1025.40%-1014.5pp | 773.79%-762.9pp | 561.29%-550.4pp |
| Employer contribution / active EE | $2,250 | $3,083-27.0% | $2,912-22.7% | $4,660-51.7% |
| Participant deferral / active EE | $6,672 | $4,643+43.7% | $4,319+54.5% | $6,688-0.2% |
| Admin fee / account holder | $8,508 | $8,415+1.1% | $7,386+15.2% | $13,397-36.5% |