Filed January 6, 2023 (most recent of 2 filings on file)
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $48,687 | $65,376-25.5% | $87,100-44.1% | $65,185-25.3% |
| Participation rate | 60.2% | 75.3%-15.1pp | 76.9%-16.7pp | 70.2%-10.0pp |
| Annual return | 21.69% | 31.27%-9.6pp | 28.19%-6.5pp | 29.38%-7.7pp |
| Employer contribution / active EE | $523 | $1,822-71.3% | $2,521-79.3% | $2,177-76.0% |
| Participant deferral / active EE | $3,102 | $3,388-8.5% | $4,049-23.4% | $3,514-11.7% |
| Admin fee / account holder | $439 | $520-15.6% | $7,497-94.1% | $847-48.2% |