Filed April 12, 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 | $232,846 | $80,717+188.5% | $154,803+50.4% | $84,808+174.6% |
| Participation rate | 100.0% | 66.8%+33.2pp | 78.1%+21.9pp | 68.3%+31.7pp |
| Annual return | 16.38% | 37.96%-21.6pp | 58.88%-42.5pp | 40.90%-24.5pp |
| Employer contribution / active EE | $9,775 | $2,761+254.0% | $4,305+127.0% | $2,631+271.5% |
| Participant deferral / active EE | $8,398 | $3,303+154.2% | $5,540+51.6% | $4,212+99.4% |
| Admin fee / account holder | $4,987 | $6,746-26.1% | $14,329-65.2% | $7,344-32.1% |