Filed November 8, 2022 (most recent of 2 filings on file)
Total covered: 3 employees
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,626 | $71,883-86.6% | $86,677-88.9% | $68,494-85.9% |
| Participation rate | 56.9% | 72.2%-15.4pp | 76.6%-19.7pp | 67.9%-11.0pp |
| Annual return | -13.01% | 3.52%-16.5pp | 35.91%-48.9pp | -7.84%-5.2pp |
| Employer contribution / active EE | $0 | $2,173-100.0% | $2,836-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $2,117 | $3,779-44.0% | $4,656-54.5% | $4,027-47.4% |
| Admin fee / account holder | $870 | $6,112-85.8% | $7,493-88.4% | $5,403-83.9% |