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.
Participant contribution per participant 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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,145 | $82,202-82.8% | $125,339-88.7% | $64,808-78.2% |
| Participation rate | 48.4% | 77.9%-29.5pp | 82.4%-34.0pp | 71.5%-23.0pp |
| Annual return | -13.30% | 3.48%-16.8pp | 572.05%-585.4pp | 32.82%-46.1pp |
| Employer contribution / active EE | $1,046 | $3,615-71.1% | $4,814-78.3% | $2,506-58.3% |
| Participant deferral / active EE | $2,186 | $7,175-69.5% | $7,446-70.6% | $4,310-49.3% |
| Admin fee / account holder | $26 | $163-84.4% | $10,010-99.7% | $188-86.4% |