Filed March 1, 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 | $59,962 | $110,094-45.5% | $151,611-60.5% | $68,494-12.5% |
| Participation rate | 64.4% | 84.0%-19.5pp | 87.5%-23.1pp | 67.9%-3.4pp |
| Annual return | -18.21% | -10.12%-8.1pp | 3.33%-21.5pp | -7.84%-10.4pp |
| Employer contribution / active EE | $1,812 | $4,471-59.5% | $6,166-70.6% | $2,596-30.2% |
| Participant deferral / active EE | $4,025 | $6,527-38.3% | $8,363-51.9% | $4,0270% |
| Admin fee / account holder | $6,549 | $7,719-15.1% | $11,616-43.6% | $5,403+21.2% |