Filed August 15, 2024
Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 5-year trajectory for $4.99 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 | $79,513 | $124,425-36.1% | $112,040-29.0% | $137,256-42.1% |
| Participation rate | 90.0% | 79.3%+10.7pp | 76.5%+13.5pp | 80.0%+10.0pp |
| Annual return | 21.88% | 24.72%-2.8pp | 24.52%-2.6pp | 220.34%-198.5pp |
| Employer contribution / active EE | $9,978 | $3,411+192.5% | $2,954+237.8% | $4,156+140.1% |
| Participant deferral / active EE | $11,245 | $5,718+96.7% | $5,098+120.6% | $6,407+75.5% |
| Admin fee / account holder | $3,645 | $15,207-76.0% | $12,098-69.9% | $12,270-70.3% |