Filed November 12, 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,108 | $49,177-63.2% | $79,464-77.2% | $64,186-71.8% |
| Participation rate | 89.2% | 65.0%+24.2pp | 73.3%+15.8pp | 69.6%+19.6pp |
| Annual return | 7.87% | -1.16%+9.0pp | 718.14%-710.3pp | 7.63%+0.2pp |
| Employer contribution / active EE | $1,248 | $2,076-39.9% | $2,800-55.4% | $2,381-47.6% |
| Participant deferral / active EE | $581 | $2,821-79.4% | $3,704-84.3% | $3,470-83.3% |
| Admin fee / account holder | $1,900 | $3,839-50.5% | $5,113-62.8% | $4,888-61.1% |