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.
Employer 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 | $52,042 | $125,758-58.6% | $169,993-69.4% | $75,163-30.8% |
| Participation rate | 54.0% | 83.6%-29.6pp | 87.0%-33.0pp | 67.2%-13.2pp |
| Annual return | 13.99% | 27.20%-13.2pp | 53.37%-39.4pp | 160.62%-146.6pp |
| Employer contribution / active EE | $1,290 | $4,615-72.1% | $6,785-81.0% | $2,670-51.7% |
| Participant deferral / active EE | $3,206 | $6,837-53.1% | $10,408-69.2% | $4,125-22.3% |
| Admin fee / account holder | $13,683 | $8,173+67.4% | $12,815+6.8% | $5,651+142.1% |