Filed April 9, 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 | $30,450 | $43,723-30.4% | $121,196-74.9% | $64,186-52.6% |
| Participation rate | 93.5% | 58.3%+35.2pp | 71.7%+21.8pp | 69.6%+24.0pp |
| Annual return | -5.46% | 68.91%-74.4pp | 16.93%-22.4pp | 7.63%-13.1pp |
| Employer contribution / active EE | $1,840 | $1,296+41.9% | $4,022-54.3% | $2,381-22.7% |
| Participant deferral / active EE | $1,787 | $2,280-21.6% | $3,344-46.6% | $3,470-48.5% |
| Admin fee / account holder | $1,245 | $3,501-64.4% | $5,019-75.2% | $4,888-74.5% |