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 | $94,343 | $102,317-7.8% | $146,958-35.8% | $80,856+16.7% |
| Participation rate | 93.7% | 75.8%+17.8pp | 82.2%+11.5pp | 67.6%+26.0pp |
| Annual return | 16.27% | 134.76%-118.5pp | 418.34%-402.1pp | 35.59%-19.3pp |
| Employer contribution / active EE | $9,778 | $3,713+163.3% | $4,933+98.2% | $2,755+255.0% |
| Participant deferral / active EE | $8,024 | $6,644+20.8% | $8,070-0.6% | $4,296+86.8% |
| Admin fee / account holder | $14,302 | $7,941+80.1% | $12,998+10.0% | $6,918+106.7% |