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 | $60,002 | $43,327+38.5% | $59,878+0.2% | $64,186-6.5% |
| Participation rate | 94.3% | 69.2%+25.1pp | 74.7%+19.6pp | 69.6%+24.7pp |
| Annual return | 12.99% | -1.55%+14.5pp | 3.46%+9.5pp | 7.63%+5.4pp |
| Employer contribution / active EE | $11,593 | $2,028+471.5% | $2,722+326.0% | $2,381+386.9% |
| Participant deferral / active EE | $0 | $2,546-100.0% | $3,402-100.0% | $3,470-100.0% |
| Admin fee / account holder | $2,239 | $3,005-25.5% | $3,590-37.7% | $4,888-54.2% |