Filed July 7, 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 4-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 | $16,576 | $40,256-58.8% | $57,343-71.1% | $59,632-72.2% |
| Participation rate | 58.8% | 69.2%-10.4pp | 75.1%-16.3pp | 68.7%-9.8pp |
| Annual return | 21.90% | 27.49%-5.6pp | 24.39%-2.5pp | 2041.28%-2019.4pp |
| Employer contribution / active EE | $1,881 | $1,922-2.1% | $2,689-30.0% | $2,203-14.6% |
| Participant deferral / active EE | $2,020 | $2,399-15.8% | $3,162-36.1% | $3,192-36.7% |
| Admin fee / account holder | $14 | $2,818-99.5% | $3,356-99.6% | $4,297-99.7% |