Filed October 27, 2021 (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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,621 | $48,795-49.5% | $65,493-62.4% | $84,808-71.0% |
| Participation rate | 55.6% | 67.0%-11.4pp | 73.1%-17.5pp | 68.3%-12.8pp |
| Annual return | 9.54% | 20.20%-10.7pp | 982.45%-972.9pp | 40.90%-31.4pp |
| Employer contribution / active EE | -$3 | $1,930-100.1% | $2,574-100.1% | $2,631-100.1% |
| Participant deferral / active EE | $0 | $2,928-100.0% | $3,961-100.0% | $4,212-100.0% |
| Admin fee / account holder | $1,451 | $3,877-62.6% | $5,028-71.1% | $7,344-80.2% |