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 | $100,571 | $58,523+71.8% | $99,443+1.1% | $72,985+37.8% |
| Participation rate | 82.0% | 64.6%+17.3pp | 73.8%+8.1pp | 69.5%+12.5pp |
| Annual return | 16.55% | 28.51%-12.0pp | 30.72%-14.2pp | 81.00%-64.5pp |
| Employer contribution / active EE | $1,263 | $1,512-16.4% | $2,540-50.3% | $2,440-48.2% |
| Participant deferral / active EE | $5,997 | $2,606+130.1% | $3,619+65.7% | $3,607+66.2% |
| Admin fee / account holder | $16,981 | $4,102+314.0% | $6,250+171.7% | $5,124+231.4% |