Filed October 1, 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 | $73,374 | $69,518+5.5% | $59,878+22.5% | $135,375-45.8% |
| Participation rate | 95.0% | 77.8%+17.2pp | 74.7%+20.3pp | 82.6%+12.4pp |
| Annual return | 3.63% | 7.94%-4.3pp | 3.46%+0.2pp | 519.73%-516.1pp |
| Employer contribution / active EE | $0 | $3,235-100.0% | $2,722-100.0% | $4,779-100.0% |
| Participant deferral / active EE | $2,608 | $4,206-38.0% | $3,402-23.3% | $5,609-53.5% |
| Admin fee / account holder | $23,429 | $5,734+308.6% | $3,590+552.6% | $10,827+116.4% |