Filed February 13, 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 | $20,992 | $75,828-72.3% | $147,614-85.8% | $59,632-64.8% |
| Participation rate | 90.4% | 71.6%+18.8pp | 84.6%+5.7pp | 68.7%+21.7pp |
| Annual return | -2.52% | 0.37%-2.9pp | 61.98%-64.5pp | 2041.28%-2043.8pp |
| Employer contribution / active EE | $1,683 | $3,485-51.7% | $5,564-69.8% | $2,203-23.6% |
| Participant deferral / active EE | $3,225 | $3,130+3.0% | $4,895-34.1% | $3,192+1.1% |
| Admin fee / account holder | $2,341 | $5,985-60.9% | $11,611-79.8% | $4,297-45.5% |