Filed April 29, 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 | $113,722 | $96,956+17.3% | $70,014+62.4% | $273,961-58.5% |
| Participation rate | 85.7% | 77.1%+8.7pp | 71.8%+13.9pp | 83.0%+2.7pp |
| Annual return | 9.30% | 12.93%-3.6pp | 12.99%-3.7pp | 41.45%-32.1pp |
| Employer contribution / active EE | $5,140 | $3,316+55.0% | $2,338+119.8% | $4,869+5.6% |
| Participant deferral / active EE | $10,243 | $3,744+173.6% | $2,931+249.5% | $5,287+93.7% |
| Admin fee / account holder | $1,698 | $7,934-78.6% | $4,380-61.2% | $10,132-83.2% |