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 | $59,754 | $80,717-26.0% | $154,803-61.4% | $84,808-29.5% |
| Participation rate | 76.7% | 66.8%+9.9pp | 78.1%-1.4pp | 68.3%+8.4pp |
| Annual return | 13.56% | 37.96%-24.4pp | 58.88%-45.3pp | 40.90%-27.3pp |
| Employer contribution / active EE | $2,346 | $2,761-15.0% | $4,305-45.5% | $2,631-10.8% |
| Participant deferral / active EE | $4,853 | $3,303+46.9% | $5,540-12.4% | $4,212+15.2% |
| Admin fee / account holder | $3,961 | $6,746-41.3% | $14,329-72.4% | $7,344-46.1% |