Filed November 17, 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 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.
Annual investment return is in the bottom quintile of the peer cohort.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,728 | $68,408-77.0% | $57,179-72.5% | $57,658-72.7% |
| Participation rate | 45.3% | 79.1%-33.8pp | 75.3%-30.0pp | 70.2%-24.9pp |
| Annual return | -2.46% | 8.51%-11.0pp | 14.59%-17.0pp | 5.13%-7.6pp |
| Employer contribution / active EE | $1,042 | $2,869-63.7% | $2,682-61.2% | $1,974-47.2% |
| Participant deferral / active EE | $1,694 | $2,903-41.6% | $3,096-45.3% | $3,061-44.6% |
| Admin fee / account holder | $9 | $70-86.7% | $3,139-99.7% | $95-90.2% |