Filed September 17, 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.
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 | $4,715 | $56,897-91.7% | $84,750-94.4% | $62,891-92.5% |
| Participation rate | 40.9% | 68.5%-27.6pp | 76.6%-35.7pp | 69.3%-28.4pp |
| Annual return | 21.04% | 6.30%+14.7pp | 22.78%-1.7pp | 20.14%+0.9pp |
| Employer contribution / active EE | $0 | $2,400-100.0% | $3,574-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,455 | $2,709-46.3% | $3,712-60.8% | $3,203-54.6% |
| Admin fee / account holder | $179 | $3,581-95.0% | $5,332-96.6% | $4,296-95.8% |