Filed November 20, 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 | $115,059 | $77,314+48.8% | $177,989-35.4% | $80,856+42.3% |
| Participation rate | 83.1% | 65.7%+17.4pp | 77.1%+6.1pp | 67.6%+15.5pp |
| Annual return | 16.57% | 18.09%-1.5pp | 294.48%-277.9pp | 35.59%-19.0pp |
| Employer contribution / active EE | $2,887 | $2,292+26.0% | $3,949-26.9% | $2,755+4.8% |
| Participant deferral / active EE | $4,905 | $4,411+11.2% | $6,276-21.8% | $4,296+14.2% |
| Admin fee / account holder | $6,884 | $7,191-4.3% | $10,363-33.6% | $6,918-0.5% |