Filed November 22, 2024
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,663 | $58,726-68.2% | $92,233-79.8% | $62,292-70.0% |
| Participation rate | 37.1% | 68.3%-31.2pp | 76.5%-39.4pp | 69.5%-32.4pp |
| Annual return | 25.00% | 43.62%-18.6pp | 176.28%-151.3pp | 28.90%-3.9pp |
| Employer contribution / active EE | $684 | $2,392-71.4% | $3,679-81.4% | $2,042-66.5% |
| Participant deferral / active EE | $2,389 | $2,766-13.6% | $3,897-38.7% | $3,169-24.6% |
| Admin fee / account holder | $56 | $556-90.0% | $5,194-98.9% | $479-88.3% |