Filed February 2, 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 7-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 | $103,861 | $93,571+11.0% | $135,903-23.6% | $75,163+38.2% |
| Participation rate | 84.4% | 75.2%+9.2pp | 81.9%+2.5pp | 67.2%+17.2pp |
| Annual return | 26.13% | 30.90%-4.8pp | 68.23%-42.1pp | 160.62%-134.5pp |
| Employer contribution / active EE | $9,028 | $3,537+155.3% | $4,856+85.9% | $2,670+238.2% |
| Participant deferral / active EE | $7,383 | $6,404+15.3% | $7,758-4.8% | $4,125+79.0% |
| Admin fee / account holder | $1,956 | $6,975-72.0% | $10,762-81.8% | $5,651-65.4% |