Filed June 23, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,379 | $53,596-39.6% | $90,645-64.3% | $64,186-49.6% |
| Participation rate | 53.1% | 64.5%-11.4pp | 74.0%-20.9pp | 69.6%-16.4pp |
| Annual return | -10.45% | 4.41%-14.9pp | 1.88%-12.3pp | 7.63%-18.1pp |
| Employer contribution / active EE | $278 | $1,503-81.5% | $2,532-89.0% | $2,381-88.3% |
| Participant deferral / active EE | $2,948 | $2,459+19.9% | $3,425-13.9% | $3,470-15.0% |
| Admin fee / account holder | $1,320 | $3,868-65.9% | $4,994-73.6% | $4,888-73.0% |