Filed March 6, 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.
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 | $14,883 | $75,828-80.4% | $147,614-89.9% | $59,632-75.0% |
| Participation rate | 38.0% | 71.6%-33.6pp | 84.6%-46.6pp | 68.7%-30.7pp |
| Annual return | 0.61% | 0.37%+0.2pp | 61.98%-61.4pp | 2041.28%-2040.7pp |
| Employer contribution / active EE | $0 | $3,485-100.0% | $5,564-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $420 | $3,130-86.6% | $4,895-91.4% | $3,192-86.8% |
| Admin fee / account holder | $33 | $5,985-99.5% | $11,611-99.7% | $4,297-99.2% |