Filed February 14, 2023 (most recent of 2 filings on file)
Total covered: 9 employees
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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $93,537 | $73,933+26.5% | $96,683-3.3% | $75,163+24.4% |
| Participation rate | 52.3% | 66.4%-14.1pp | 74.3%-22.0pp | 67.2%-14.9pp |
| Annual return | 511.56% | 26.70%+484.9pp | 35.69%+475.9pp | 160.62%+350.9pp |
| Employer contribution / active EE | $8,332 | $2,928+184.6% | $3,737+123.0% | $2,670+212.1% |
| Participant deferral / active EE | $0 | $3,659-100.0% | $4,878-100.0% | $4,125-100.0% |
| Admin fee / account holder | $11,362 | $5,216+117.8% | $6,730+68.8% | $5,651+101.1% |