Filed June 7, 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 | $241,692 | $74,927+222.6% | $101,794+137.4% | $84,808+185.0% |
| Participation rate | 97.1% | 61.4%+35.7pp | 69.2%+27.9pp | 68.3%+28.7pp |
| Annual return | 14.08% | 18.70%-4.6pp | 30.53%-16.4pp | 40.90%-26.8pp |
| Employer contribution / active EE | $2,456 | $1,522+61.4% | $2,289+7.3% | $2,631-6.7% |
| Participant deferral / active EE | $5,818 | $3,099+87.7% | $4,084+42.5% | $4,212+38.1% |
| Admin fee / account holder | $33,560 | $6,514+415.2% | $8,777+282.4% | $7,344+357.0% |