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 | $135,087 | $66,402+103.4% | $109,895+22.9% | $85,850+57.4% |
| Participation rate | 77.0% | 63.9%+13.2pp | 74.2%+2.8pp | 69.3%+7.7pp |
| Annual return | 12.05% | 19.59%-7.5pp | 29.45%-17.4pp | 318.53%-306.5pp |
| Employer contribution / active EE | $1,115 | $1,687-33.9% | $2,842-60.8% | $2,565-56.5% |
| Participant deferral / active EE | $5,731 | $2,842+101.6% | $4,048+41.6% | $3,952+45.0% |
| Admin fee / account holder | $19,509 | $4,557+328.1% | $6,066+221.6% | $6,260+211.7% |