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 | $55,415-27.2% | $155,509-74.1% | $74,495-45.9% |
| Participation rate | 44.3% | 61.9%-17.7pp | 78.2%-33.9pp | 67.2%-22.9pp |
| Annual return | 12.74% | 268.50%-255.8pp | 64.67%-51.9pp | 1364.94%-1352.2pp |
| Employer contribution / active EE | $836 | $2,267-63.1% | $4,672-82.1% | $2,623-68.1% |
| Participant deferral / active EE | $3,490 | $2,836+23.1% | $5,626-38.0% | $4,346-19.7% |
| Admin fee / account holder | $2,276 | $1,738+30.9% | $15,912-85.7% | $1,942+17.2% |