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 8-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 | $92,585 | $87,173+6.2% | $59,878+54.6% | $75,289+23.0% |
| Participation rate | 91.5% | 74.5%+17.0pp | 74.7%+16.8pp | 72.4%+19.0pp |
| Annual return | 0.00% | -2.14%+2.1pp | 3.46%-3.5pp | -0.04%0pp |
| Employer contribution / active EE | $1,653 | $3,473-52.4% | $2,722-39.3% | $2,405-31.3% |
| Participant deferral / active EE | $2,255 | $3,379-33.3% | $3,402-33.7% | $3,739-39.7% |
| Admin fee / account holder | $3,734 | $75+4895.1% | $3,590+4.0% | $102+3550.6% |