Filed December 16, 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 opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,353 | $31,424-83.0% | $81,478-93.4% | $69,631-92.3% |
| Participation rate | 47.7% | 50.8%-3.1pp | 68.0%-20.2pp | 70.7%-23.0pp |
| Annual return | 19.90% | 22.44%-2.5pp | 38.78%-18.9pp | 27571.02%-27551.1pp |
| Employer contribution / active EE | $145 | $1,029-85.9% | $2,568-94.4% | $2,032-92.9% |
| Participant deferral / active EE | $990 | $1,838-46.2% | $3,537-72.0% | $3,224-69.3% |
| Admin fee / account holder | $8 | $103-91.9% | $4,561-99.8% | $110-92.5% |