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 | $42,688 | $77,899-45.2% | $149,673-71.5% | $75,163-43.2% |
| Participation rate | 70.0% | 65.6%+4.4pp | 78.8%-8.8pp | 67.2%+2.8pp |
| Annual return | 14.27% | 31.72%-17.4pp | 134.42%-120.1pp | 160.62%-146.3pp |
| Employer contribution / active EE | $2,098 | $3,137-33.1% | $4,818-56.4% | $2,670-21.4% |
| Participant deferral / active EE | $3,763 | $3,411+10.3% | $5,680-33.7% | $4,125-8.8% |
| Admin fee / account holder | $6,772 | $5,956+13.7% | $13,210-48.7% | $5,651+19.8% |