Filed April 18, 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.
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,647 | $109,359-68.3% | $162,163-78.6% | $72,985-52.5% |
| Participation rate | 68.8% | 84.3%-15.5pp | 87.6%-18.8pp | 69.5%-0.7pp |
| Annual return | 9.40% | 25.46%-16.1pp | 115.59%-106.2pp | 81.00%-71.6pp |
| Employer contribution / active EE | $876 | $3,907-77.6% | $5,614-84.4% | $2,440-64.1% |
| Participant deferral / active EE | $2,970 | $5,481-45.8% | $7,298-59.3% | $3,607-17.7% |
| Admin fee / account holder | $873 | $7,972-89.1% | $10,843-92.0% | $5,124-83.0% |