Filed February 14, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,994 | $153,772-28.5% | $133,980-17.9% | $273,961-59.9% |
| Participation rate | 68.8% | 88.4%-19.6pp | 87.1%-18.3pp | 83.0%-14.3pp |
| Annual return | 12.17% | 36.51%-24.3pp | 29.30%-17.1pp | 41.45%-29.3pp |
| Employer contribution / active EE | $1,907 | $6,029-68.4% | $5,211-63.4% | $4,869-60.8% |
| Participant deferral / active EE | $4,699 | $6,958-32.5% | $6,282-25.2% | $5,287-11.1% |
| Admin fee / account holder | $0 | $11,765-100.0% | $9,324-100.0% | $10,132-100.0% |