Filed February 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.
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 | $107,558 | $53,777+100.0% | $134,143-19.8% | $79,858+34.7% |
| Participation rate | 100.0% | 58.8%+41.2pp | 72.2%+27.8pp | 69.6%+30.4pp |
| Annual return | 10.64% | 19.01%-8.4pp | 36.33%-25.7pp | 31.71%-21.1pp |
| Employer contribution / active EE | $2,219 | $1,321+67.9% | $3,704-40.1% | $2,471-10.2% |
| Participant deferral / active EE | $5,305 | $2,420+119.2% | $3,499+51.6% | $3,740+41.8% |
| Admin fee / account holder | $3,111 | $3,984-21.9% | $6,684-53.5% | $5,306-41.4% |