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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $97,165 | $79,449+22.3% | $189,557-48.7% | $85,850+13.2% |
| Participation rate | 86.6% | 66.0%+20.6pp | 78.4%+8.1pp | 69.3%+17.3pp |
| Annual return | 12.07% | 18.45%-6.4pp | 64.17%-52.1pp | 318.53%-306.5pp |
| Employer contribution / active EE | $4,108 | $2,081+97.4% | $4,412-6.9% | $2,565+60.2% |
| Participant deferral / active EE | $0 | $4,051-100.0% | $6,174-100.0% | $3,952-100.0% |
| Admin fee / account holder | $25,719 | $5,377+378.3% | $9,807+162.2% | $6,260+310.8% |