Filed October 11, 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 8-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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,804 | $81,947-33.1% | $105,387-48.0% | $72,985-24.9% |
| Participation rate | 69.2% | 76.5%-7.3pp | 82.6%-13.3pp | 69.5%-0.3pp |
| Annual return | 31.24% | 42.90%-11.7pp | 26.82%+4.4pp | 81.00%-49.8pp |
| Employer contribution / active EE | $0 | $3,468-100.0% | $4,213-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $8,643 | $4,494+92.3% | $5,502+57.1% | $3,607+139.6% |
| Admin fee / account holder | $101 | $6,258-98.4% | $6,559-98.5% | $5,124-98.0% |