Filed June 10, 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 | $84,458 | $54,726+54.3% | $68,793+22.8% | $64,186+31.6% |
| Participation rate | 89.5% | 68.0%+21.4pp | 72.2%+17.2pp | 69.6%+19.9pp |
| Annual return | -4.22% | -1.62%-2.6pp | -4.63%+0.4pp | 7.63%-11.9pp |
| Employer contribution / active EE | $0 | $1,846-100.0% | $2,625-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $4,815 | $2,626+83.3% | $3,311+45.4% | $3,470+38.8% |
| Admin fee / account holder | $10,359 | $4,027+157.2% | $5,131+101.9% | $4,888+111.9% |