Filed July 29, 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 | $110,424 | $146,267-24.5% | $197,124-44.0% | $82,448+33.9% |
| Participation rate | 94.3% | 84.0%+10.3pp | 86.7%+7.6pp | 68.1%+26.3pp |
| Annual return | 13.93% | 29.61%-15.7pp | 44.34%-30.4pp | 41.64%-27.7pp |
| Employer contribution / active EE | $4,475 | $4,723-5.3% | $6,227-28.1% | $2,551+75.4% |
| Participant deferral / active EE | $9,601 | $7,035+36.5% | $9,135+5.1% | $4,139+132.0% |
| Admin fee / account holder | $15,389 | $14,422+6.7% | $16,298-5.6% | $7,234+112.7% |