Filed October 8, 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 9-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 | $153,262 | $57,016+168.8% | $84,966+80.4% | $80,856+89.5% |
| Participation rate | 84.1% | 56.3%+27.7pp | 67.5%+16.6pp | 67.6%+16.5pp |
| Annual return | 26.50% | 21.66%+4.8pp | 66.38%-39.9pp | 35.59%-9.1pp |
| Employer contribution / active EE | $4,186 | $1,798+132.9% | $2,727+53.5% | $2,755+52.0% |
| Participant deferral / active EE | $12,015 | $3,110+286.4% | $4,519+165.9% | $4,296+179.7% |
| Admin fee / account holder | $7,611 | $4,980+52.8% | $6,149+23.8% | $6,918+10.0% |