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 | $19,347 | $95,274-79.7% | $135,903-85.8% | $74,419-74.0% |
| Participation rate | 55.1% | 78.2%-23.1pp | 81.9%-26.8pp | 70.7%-15.6pp |
| Annual return | 19.14% | 32.77%-13.6pp | 68.23%-49.1pp | 34.38%-15.2pp |
| Employer contribution / active EE | $0 | $3,874-100.0% | $4,856-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $2,386 | $7,782-69.3% | $7,758-69.2% | $4,528-47.3% |
| Admin fee / account holder | $58 | $266-78.4% | $10,762-99.5% | $348-83.5% |