Filed January 4, 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 8-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 | $21,323 | $45,863-53.5% | $77,024-72.3% | $68,494-68.9% |
| Participation rate | 86.8% | 55.9%+30.9pp | 67.9%+18.9pp | 67.9%+18.9pp |
| Annual return | -11.72% | 1.72%-13.4pp | 42.32%-54.0pp | -7.84%-3.9pp |
| Employer contribution / active EE | $1,877 | $1,650+13.8% | $2,812-33.2% | $2,596-27.7% |
| Participant deferral / active EE | $5,287 | $2,962+78.5% | $4,426+19.4% | $4,027+31.3% |
| Admin fee / account holder | $1,118 | $3,041-63.2% | $5,425-79.4% | $5,403-79.3% |