Filed November 6, 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $17,218 | $54,762-68.6% | $90,281-80.9% | $72,985-76.4% |
| Participation rate | 79.5% | 65.1%+14.4pp | 73.3%+6.3pp | 69.5%+10.1pp |
| Annual return | 24.36% | 30.63%-6.3pp | 78.10%-53.7pp | 81.00%-56.6pp |
| Employer contribution / active EE | $0 | $2,092-100.0% | $2,854-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $5,707 | $2,887+97.7% | $3,885+46.9% | $3,607+58.2% |
| Admin fee / account holder | $1,444 | $3,972-63.7% | $5,351-73.0% | $5,124-71.8% |