Filed March 6, 2023
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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,657 | $39,162-62.6% | $100,671-85.4% | $59,632-75.4% |
| Participation rate | 32.6% | 55.9%-23.3pp | 70.7%-38.2pp | 68.7%-36.1pp |
| Annual return | -2.34% | 21.07%-23.4pp | 20.43%-22.8pp | 2041.28%-2043.6pp |
| Employer contribution / active EE | $0 | $1,151-100.0% | $4,012-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $959 | $1,992-51.8% | $3,144-69.5% | $3,192-69.9% |
| Admin fee / account holder | $194 | $2,969-93.5% | $4,850-96.0% | $4,297-95.5% |