Filed July 24, 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 | $60,884 | $77,634-21.6% | $156,549-61.1% | $62,891-3.2% |
| Participation rate | 77.8% | 71.2%+6.6pp | 84.0%-6.2pp | 69.3%+8.5pp |
| Annual return | 6.85% | 50.32%-43.5pp | 32.23%-25.4pp | 20.14%-13.3pp |
| Employer contribution / active EE | $1,981 | $3,444-42.5% | $5,501-64.0% | $2,281-13.1% |
| Participant deferral / active EE | $4,342 | $3,045+42.6% | $4,871-10.9% | $3,203+35.6% |
| Admin fee / account holder | $3,236 | $5,561-41.8% | $13,027-75.2% | $4,296-24.7% |