Filed June 17, 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 | $20,937 | $56,897-63.2% | $84,750-75.3% | $62,891-66.7% |
| Participation rate | 97.0% | 68.5%+28.4pp | 76.6%+20.4pp | 69.3%+27.7pp |
| Annual return | 9.95% | 6.30%+3.7pp | 22.78%-12.8pp | 20.14%-10.2pp |
| Employer contribution / active EE | $2,217 | $2,400-7.6% | $3,574-38.0% | $2,281-2.8% |
| Participant deferral / active EE | $4,751 | $2,709+75.4% | $3,712+28.0% | $3,203+48.3% |
| Admin fee / account holder | $1,876 | $3,581-47.6% | $5,332-64.8% | $4,296-56.3% |