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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,667 | $127,264-46.8% | $109,895-38.4% | $167,490-59.6% |
| Participation rate | 62.5% | 77.9%-15.4pp | 74.2%-11.7pp | 82.1%-19.6pp |
| Annual return | 12.19% | 22.97%-10.8pp | 29.45%-17.3pp | 478.56%-466.4pp |
| Employer contribution / active EE | $544 | $3,322-83.6% | $2,842-80.9% | $4,837-88.8% |
| Participant deferral / active EE | $3,885 | $4,514-13.9% | $4,048-4.0% | $6,341-38.7% |
| Admin fee / account holder | $1,718 | $7,114-75.8% | $6,066-71.7% | $12,309-86.0% |