Filed May 28, 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 | $151,655 | $77,813+94.9% | $123,544+22.8% | $64,186+136.3% |
| Participation rate | 92.9% | 74.7%+18.1pp | 82.3%+10.6pp | 69.6%+23.3pp |
| Annual return | -2.16% | 12.48%-14.6pp | 119.20%-121.4pp | 7.63%-9.8pp |
| Employer contribution / active EE | $4,485 | $3,014+48.8% | $4,628-3.1% | $2,381+88.4% |
| Participant deferral / active EE | $6,821 | $5,240+30.2% | $6,426+6.2% | $3,470+96.6% |
| Admin fee / account holder | $52,537 | $5,519+852.0% | $9,284+465.9% | $4,888+974.8% |