Filed May 20, 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 | $64,617 | $64,307+0.5% | $57,343+12.7% | $125,391-48.5% |
| Participation rate | 77.3% | 78.6%-1.4pp | 75.1%+2.2pp | 83.2%-5.9pp |
| Annual return | 0.74% | 25.12%-24.4pp | 24.39%-23.7pp | 282.22%-281.5pp |
| Employer contribution / active EE | $7,540 | $3,193+136.2% | $2,689+180.5% | $4,866+55.0% |
| Participant deferral / active EE | $0 | $3,848-100.0% | $3,162-100.0% | $5,352-100.0% |
| Admin fee / account holder | $10,362 | $5,242+97.7% | $3,356+208.8% | $9,540+8.6% |