Filed January 18, 2024 (most recent of 10 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 | $22,190 | $48,076-53.8% | $78,689-71.8% | $62,891-64.7% |
| Participation rate | 41.8% | 65.2%-23.4pp | 73.6%-31.7pp | 69.3%-27.5pp |
| Annual return | 5.86% | 31.35%-25.5pp | 62.18%-56.3pp | 20.14%-14.3pp |
| Employer contribution / active EE | $0 | $2,015-100.0% | $2,851-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,870 | $2,588-27.7% | $3,517-46.8% | $3,203-41.6% |
| Admin fee / account holder | $5,218 | $3,207+62.7% | $4,510+15.7% | $4,296+21.5% |