Filed April 8, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,858 | $77,813-64.2% | $123,544-77.5% | $64,186-56.6% |
| Participation rate | 62.5% | 74.7%-12.2pp | 82.3%-19.8pp | 69.6%-7.1pp |
| Annual return | -3.89% | 12.48%-16.4pp | 119.20%-123.1pp | 7.63%-11.5pp |
| Employer contribution / active EE | $1,300 | $3,014-56.9% | $4,628-71.9% | $2,381-45.4% |
| Participant deferral / active EE | $2,268 | $5,240-56.7% | $6,426-64.7% | $3,470-34.6% |
| Admin fee / account holder | $272 | $5,519-95.1% | $9,284-97.1% | $4,888-94.4% |