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 | $69,252 | $54,762+26.5% | $90,281-23.3% | $72,985-5.1% |
| Participation rate | 96.4% | 65.1%+31.3pp | 73.3%+23.2pp | 69.5%+26.9pp |
| Annual return | 29.74% | 30.63%-0.9pp | 78.10%-48.4pp | 81.00%-51.3pp |
| Employer contribution / active EE | $3,908 | $2,092+86.8% | $2,854+36.9% | $2,440+60.2% |
| Participant deferral / active EE | $8,018 | $2,887+177.7% | $3,885+106.4% | $3,607+122.3% |
| Admin fee / account holder | $1,750 | $3,972-55.9% | $5,351-67.3% | $5,124-65.9% |