Filed June 26, 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 4-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 | $23,885 | $99,079-75.9% | $77,999-69.4% | $273,961-91.3% |
| Participation rate | 71.4% | 78.6%-7.1pp | 75.5%-4.1pp | 83.0%-11.6pp |
| Annual return | 7.72% | 217.93%-210.2pp | 425.96%-418.2pp | 41.45%-33.7pp |
| Employer contribution / active EE | $904 | $3,308-72.7% | $2,470-63.4% | $4,869-81.4% |
| Participant deferral / active EE | $1,123 | $4,306-73.9% | $3,497-67.9% | $5,287-78.8% |
| Admin fee / account holder | $869 | $8,954-90.3% | $5,480-84.1% | $10,132-91.4% |