Filed February 22, 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.
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 | $15,408 | $135,952-88.7% | $123,892-87.6% | $273,961-94.4% |
| Participation rate | 60.0% | 84.1%-24.1pp | 81.4%-21.4pp | 83.0%-23.0pp |
| Annual return | 16.41% | 56.63%-40.2pp | 47.52%-31.1pp | 41.45%-25.0pp |
| Employer contribution / active EE | $1,941 | $5,170-62.5% | $4,617-58.0% | $4,869-60.1% |
| Participant deferral / active EE | $6,659 | $6,343+5.0% | $5,984+11.3% | $5,287+25.9% |
| Admin fee / account holder | $133 | $9,817-98.6% | $8,357-98.4% | $10,132-98.7% |