Filed September 11, 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 3-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 | $88,236 | $65,685+34.3% | $57,179+54.3% | $273,961-67.8% |
| Participation rate | 93.8% | 78.3%+15.4pp | 75.3%+18.4pp | 83.0%+10.7pp |
| Annual return | 2.04% | 21.99%-19.9pp | 14.59%-12.5pp | 41.45%-39.4pp |
| Employer contribution / active EE | $3,811 | $3,279+16.2% | $2,682+42.1% | $4,869-21.7% |
| Participant deferral / active EE | $6,040 | $3,782+59.7% | $3,096+95.1% | $5,287+14.2% |
| Admin fee / account holder | $4,215 | $4,835-12.8% | $3,139+34.3% | $10,132-58.4% |