Filed April 24, 2023
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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,326 | $55,472-27.3% | $155,567-74.1% | $74,546-45.9% |
| Participation rate | 44.3% | 61.9%-17.7pp | 78.2%-33.9pp | 67.2%-23.0pp |
| Annual return | 12.74% | 268.72%-256.0pp | 64.74%-52.0pp | 1366.03%-1353.3pp |
| Employer contribution / active EE | $836 | $2,269-63.1% | $4,674-82.1% | $2,624-68.1% |
| Participant deferral / active EE | $3,490 | $2,838+23.0% | $5,628-38.0% | $4,347-19.7% |
| Admin fee / account holder | $2,276 | $1,743+30.6% | $15,916-85.7% | $1,944+17.1% |