Filed July 2, 2024 (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 | $65,065 | $95,803-32.1% | $113,168-42.5% | $84,808-23.3% |
| Participation rate | 44.7% | 72.9%-28.2pp | 76.6%-31.9pp | 68.3%-23.6pp |
| Annual return | 16.03% | 25.00%-9.0pp | 24.27%-8.2pp | 40.90%-24.9pp |
| Employer contribution / active EE | $720 | $2,360-69.5% | $2,975-75.8% | $2,631-72.7% |
| Participant deferral / active EE | $2,267 | $4,242-46.6% | $5,107-55.6% | $4,212-46.2% |
| Admin fee / account holder | $6,784 | $8,989-24.5% | $12,068-43.8% | $7,344-7.6% |