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 | $24,793 | $39,122-36.6% | $57,179-56.6% | $62,891-60.6% |
| Participation rate | 54.8% | 70.5%-15.7pp | 75.3%-20.6pp | 69.3%-14.5pp |
| Annual return | 14.30% | 9.23%+5.1pp | 14.59%-0.3pp | 20.14%-5.8pp |
| Employer contribution / active EE | $2,040 | $1,874+8.9% | $2,682-23.9% | $2,281-10.6% |
| Participant deferral / active EE | $2,767 | $2,374+16.6% | $3,096-10.6% | $3,203-13.6% |
| Admin fee / account holder | $208 | $2,592-92.0% | $3,139-93.4% | $4,296-95.2% |