Filed September 19, 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 | $49,219 | $86,929-43.4% | $102,423-51.9% | $80,856-39.1% |
| Participation rate | 84.6% | 72.4%+12.2pp | 76.5%+8.1pp | 67.6%+17.0pp |
| Annual return | 10.51% | 18.88%-8.4pp | 29.32%-18.8pp | 35.59%-25.1pp |
| Employer contribution / active EE | $3,528 | $2,369+48.9% | $3,023+16.7% | $2,755+28.1% |
| Participant deferral / active EE | $4,702 | $4,118+14.2% | $5,053-6.9% | $4,296+9.5% |
| Admin fee / account holder | $3,384 | $8,049-58.0% | $9,451-64.2% | $6,918-51.1% |