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 | $112,993 | $53,162+112.5% | $91,220+23.9% | $68,494+65.0% |
| Participation rate | 80.7% | 63.2%+17.5pp | 73.2%+7.5pp | 67.9%+12.8pp |
| Annual return | -5.88% | -3.14%-2.7pp | 114.01%-119.9pp | -7.84%+2.0pp |
| Employer contribution / active EE | $1,153 | $1,709-32.6% | $2,850-59.6% | $2,596-55.6% |
| Participant deferral / active EE | $5,828 | $2,974+96.0% | $4,234+37.7% | $4,027+44.7% |
| Admin fee / account holder | $19,521 | $4,493+334.4% | $5,420+260.2% | $5,403+261.3% |