Filed December 2, 2021
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 | $14,574 | $70,002-79.2% | $115,037-87.3% | $52,331-72.2% |
| Participation rate | 64.9% | 72.1%-7.2pp | 81.4%-16.4pp | 68.1%-3.2pp |
| Annual return | 18.60% | 4.04%+14.6pp | 26.14%-7.5pp | 4.54%+14.1pp |
| Employer contribution / active EE | $1,960 | $2,715-27.8% | $4,608-57.5% | $1,882+4.1% |
| Participant deferral / active EE | $3,015 | $4,920-38.7% | $6,026-50.0% | $3,022-0.2% |
| Admin fee / account holder | $4 | $566-99.3% | $8,175-99.9% | $592-99.3% |