Filed August 21, 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.)
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,480 | $59,839-0.6% | $81,983-27.4% | $79,858-25.5% |
| Participation rate | 94.9% | 61.6%+33.3pp | 69.2%+25.7pp | 69.6%+25.3pp |
| Annual return | 13.37% | 17.56%-4.2pp | 41.31%-27.9pp | 31.71%-18.3pp |
| Employer contribution / active EE | $1,186 | $1,713-30.8% | $2,498-52.5% | $2,471-52.0% |
| Participant deferral / active EE | $0 | $2,695-100.0% | $3,722-100.0% | $3,740-100.0% |
| Admin fee / account holder | $3,482 | $4,287-18.8% | $5,664-38.5% | $5,306-34.4% |