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.
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 | $19,064 | $74,552-74.4% | $62,995-69.7% | $69,631-72.6% |
| Participation rate | 49.7% | 78.3%-28.6pp | 74.8%-25.1pp | 70.7%-21.0pp |
| Annual return | 20.48% | 15.77%+4.7pp | 87.57%-67.1pp | 27571.02%-27550.5pp |
| Employer contribution / active EE | $1,168 | $2,929-60.1% | $2,759-57.7% | $2,032-42.5% |
| Participant deferral / active EE | $1,825 | $2,974-38.6% | $3,329-45.2% | $3,224-43.4% |
| Admin fee / account holder | $9 | $59-84.4% | $3,600-99.7% | $110-91.6% |