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 | $53,506 | $45,035+18.8% | $62,995-15.1% | $70,131-23.7% |
| Participation rate | 72.7% | 69.5%+3.2pp | 74.8%-2.1pp | 69.5%+3.2pp |
| Annual return | 12.01% | 18.76%-6.7pp | 87.57%-75.6pp | 73.14%-61.1pp |
| Employer contribution / active EE | $6,184 | $2,051+201.5% | $2,759+124.2% | $2,342+164.0% |
| Participant deferral / active EE | $0 | $2,465-100.0% | $3,329-100.0% | $3,332-100.0% |
| Admin fee / account holder | $4,168 | $2,834+47.1% | $3,600+15.8% | $4,645-10.3% |