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 | $33,913 | $48,570-30.2% | $130,648-74.0% | $72,985-53.5% |
| Participation rate | 94.0% | 58.6%+35.5pp | 71.7%+22.3pp | 69.5%+24.5pp |
| Annual return | 21.95% | 38.63%-16.7pp | 1708.96%-1687.0pp | 81.00%-59.1pp |
| Employer contribution / active EE | $1,986 | $1,334+48.8% | $4,092-51.5% | $2,440-18.6% |
| Participant deferral / active EE | $2,039 | $2,384-14.5% | $3,603-43.4% | $3,607-43.5% |
| Admin fee / account holder | $4,946 | $3,549+39.3% | $5,464-9.5% | $5,124-3.5% |