Filed May 16, 2022 (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 | $25,716 | $46,674-44.9% | $117,472-78.1% | $68,494-62.5% |
| Participation rate | 56.6% | 56.8%-0.2pp | 70.6%-14.0pp | 67.9%-11.3pp |
| Annual return | -22.18% | -14.52%-7.7pp | 29.74%-51.9pp | -7.84%-14.3pp |
| Employer contribution / active EE | $770 | $1,505-48.8% | $4,176-81.6% | $2,596-70.3% |
| Participant deferral / active EE | $1,720 | $2,636-34.7% | $4,070-57.7% | $4,027-57.3% |
| Admin fee / account holder | $726 | $4,020-81.9% | $5,645-87.1% | $5,403-86.6% |