Filed June 13, 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 5-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 | $33,771 | $73,867-54.3% | $143,757-76.5% | $68,494-50.7% |
| Participation rate | 75.0% | 66.7%+8.3pp | 80.3%-5.3pp | 67.9%+7.1pp |
| Annual return | -13.03% | 1.01%-14.0pp | -0.04%-13.0pp | -7.84%-5.2pp |
| Employer contribution / active EE | $2,087 | $3,184-34.4% | $4,951-57.8% | $2,596-19.6% |
| Participant deferral / active EE | $3,820 | $3,384+12.9% | $5,637-32.2% | $4,027-5.1% |
| Admin fee / account holder | $3,541 | $5,755-38.5% | $14,673-75.9% | $5,403-34.5% |