Filed February 28, 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 9-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.
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,624 | $86,922-10.7% | $102,438-24.2% | $80,874-4.0% |
| Participation rate | 46.3% | 72.4%-26.1pp | 76.5%-30.2pp | 67.6%-21.4pp |
| Annual return | 10.03% | 18.90%-8.9pp | 29.37%-19.3pp | 35.62%-25.6pp |
| Employer contribution / active EE | $1,583 | $2,369-33.2% | $3,024-47.6% | $2,756-42.6% |
| Participant deferral / active EE | $2,966 | $4,119-28.0% | $5,054-41.3% | $4,297-31.0% |
| Admin fee / account holder | $92 | $8,050-98.9% | $9,448-99.0% | $6,935-98.7% |