Filed October 15, 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 | $52,168 | $49,177+6.1% | $79,464-34.3% | $64,186-18.7% |
| Participation rate | 87.3% | 65.0%+22.3pp | 73.3%+14.0pp | 69.6%+17.7pp |
| Annual return | -7.19% | -1.16%-6.0pp | 718.14%-725.3pp | 7.63%-14.8pp |
| Employer contribution / active EE | $3,228 | $2,076+55.5% | $2,800+15.3% | $2,381+35.6% |
| Participant deferral / active EE | $6,592 | $2,821+133.6% | $3,704+78.0% | $3,470+90.0% |
| Admin fee / account holder | $5,346 | $3,839+39.2% | $5,113+4.5% | $4,888+9.4% |