Filed May 19, 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 9-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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,433 | $42,396+47.3% | $67,313-7.2% | $56,287+10.9% |
| Participation rate | 66.4% | 61.0%+5.4pp | 69.1%-2.7pp | 69.9%-3.5pp |
| Annual return | -2.61% | -36.63%+34.0pp | -4.08%+1.5pp | -9.96%+7.4pp |
| Employer contribution / active EE | $91 | $1,414-93.6% | $2,566-96.5% | $2,111-95.7% |
| Participant deferral / active EE | $605 | $2,360-74.4% | $3,568-83.0% | $3,350-81.9% |
| Admin fee / account holder | $136 | $510-73.4% | $4,507-97.0% | $521-74.0% |