Filed September 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.
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 | $24,161 | $135,952-82.2% | $123,892-80.5% | $273,961-91.2% |
| Participation rate | 21.4% | 84.1%-62.6pp | 81.4%-60.0pp | 83.0%-61.6pp |
| Annual return | 12.32% | 56.63%-44.3pp | 47.52%-35.2pp | 41.45%-29.1pp |
| Employer contribution / active EE | $726 | $5,170-86.0% | $4,617-84.3% | $4,869-85.1% |
| Participant deferral / active EE | $1,623 | $6,343-74.4% | $5,984-72.9% | $5,287-69.3% |
| Admin fee / account holder | $166 | $9,817-98.3% | $8,357-98.0% | $10,132-98.4% |