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 | $94,205 | $73,867+27.5% | $143,757-34.5% | $68,494+37.5% |
| Participation rate | 95.5% | 66.7%+28.8pp | 80.3%+15.1pp | 67.9%+27.6pp |
| Annual return | -11.13% | 1.01%-12.1pp | -0.04%-11.1pp | -7.84%-3.3pp |
| Employer contribution / active EE | $6,083 | $3,184+91.0% | $4,951+22.9% | $2,596+134.3% |
| Participant deferral / active EE | $6,885 | $3,384+103.4% | $5,637+22.1% | $4,027+71.0% |
| Admin fee / account holder | $21,666 | $5,755+276.5% | $14,673+47.7% | $5,403+301.0% |