Filed September 16, 2024
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.
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 | $100,887 | $53,596+88.2% | $90,645+11.3% | $64,186+57.2% |
| Participation rate | 78.7% | 64.5%+14.2pp | 74.0%+4.7pp | 69.6%+9.1pp |
| Annual return | -6.26% | 4.41%-10.7pp | 1.88%-8.1pp | 7.63%-13.9pp |
| Employer contribution / active EE | $1,192 | $1,503-20.7% | $2,532-52.9% | $2,381-49.9% |
| Participant deferral / active EE | $5,647 | $2,459+129.7% | $3,425+64.9% | $3,470+62.7% |
| Admin fee / account holder | $7,099 | $3,868+83.5% | $4,994+42.2% | $4,888+45.2% |