Filed May 29, 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 | $54,429 | $110,094-50.6% | $151,611-64.1% | $68,494-20.5% |
| Participation rate | 66.2% | 84.0%-17.7pp | 87.5%-21.3pp | 67.9%-1.7pp |
| Annual return | -14.28% | -10.12%-4.2pp | 3.33%-17.6pp | -7.84%-6.4pp |
| Employer contribution / active EE | $1,399 | $4,471-68.7% | $6,166-77.3% | $2,596-46.1% |
| Participant deferral / active EE | $3,545 | $6,527-45.7% | $8,363-57.6% | $4,027-12.0% |
| Admin fee / account holder | $3,451 | $7,719-55.3% | $11,616-70.3% | $5,403-36.1% |