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 | $104,372 | $58,694+77.8% | $142,863-26.9% | $85,850+21.6% |
| Participation rate | 95.7% | 58.5%+37.2pp | 71.9%+23.7pp | 69.3%+26.3pp |
| Annual return | 17.86% | 27.72%-9.9pp | 5637.54%-5619.7pp | 318.53%-300.7pp |
| Employer contribution / active EE | $2,307 | $1,423+62.2% | $4,144-44.3% | $2,565-10.1% |
| Participant deferral / active EE | $5,389 | $2,607+106.7% | $3,837+40.4% | $3,952+36.4% |
| Admin fee / account holder | $12,525 | $4,239+195.5% | $6,560+90.9% | $6,260+100.1% |