Filed May 14, 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 | $145,390 | $81,900+77.5% | $119,609+21.6% | $68,494+112.3% |
| Participation rate | 84.8% | 71.9%+13.0pp | 79.3%+5.6pp | 67.9%+17.0pp |
| Annual return | -16.54% | -23.82%+7.3pp | -14.97%-1.6pp | -7.84%-8.7pp |
| Employer contribution / active EE | $3,591 | $2,693+33.3% | $4,232-15.1% | $2,596+38.3% |
| Participant deferral / active EE | $7,106 | $4,148+71.3% | $5,602+26.9% | $4,027+76.5% |
| Admin fee / account holder | $27,879 | $6,582+323.6% | $10,323+170.1% | $5,403+416.0% |