Filed July 5, 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 | $7,067 | $72,177-90.2% | $115,037-93.9% | $59,632-88.1% |
| Participation rate | 58.0% | 72.6%-14.6pp | 81.4%-23.4pp | 68.7%-10.7pp |
| Annual return | 0.00% | 12.02%-12.0pp | 26.14%-26.1pp | 2041.28%-2041.3pp |
| Employer contribution / active EE | $1,242 | $2,841-56.3% | $4,608-73.0% | $2,203-43.6% |
| Participant deferral / active EE | $2,647 | $4,783-44.7% | $6,026-56.1% | $3,192-17.1% |
| Admin fee / account holder | $47 | $4,927-99.0% | $8,175-99.4% | $4,297-98.9% |