Filed January 4, 2024 (most recent of 3 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,876 | $31,310+91.2% | $53,898+11.1% | $74,304-19.4% |
| Participation rate | 17.1% | 30.7%-13.5pp | 55.0%-37.8pp | 60.3%-43.2pp |
| Annual return | 12.30% | 23.16%-10.9pp | 528.60%-516.3pp | 29.43%-17.1pp |
| Employer contribution / active EE | $441 | $450-1.9% | $932-52.6% | $2,241-80.3% |
| Participant deferral / active EE | $763 | $934-18.3% | $1,826-58.2% | $3,767-79.7% |
| Admin fee / account holder | $8,052 | $2,175+270.1% | $2,491+223.3% | $2,969+171.2% |