Filed June 10, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,594 | $60,349-60.9% | $74,183-68.2% | $62,891-62.5% |
| Participation rate | 52.9% | 72.7%-19.8pp | 76.6%-23.7pp | 69.3%-16.4pp |
| Annual return | 8.71% | 21.37%-12.7pp | 17.74%-9.0pp | 20.14%-11.4pp |
| Employer contribution / active EE | $0 | $1,680-100.0% | $2,370-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $2,367 | $2,856-17.1% | $3,550-33.3% | $3,203-26.1% |
| Admin fee / account holder | $262 | $4,261-93.9% | $5,586-95.3% | $4,296-93.9% |