Filed September 13, 2024 (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 3-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.
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 | $72,352 | $84,000-13.9% | $119,609-39.5% | $77,904-7.1% |
| Participation rate | 42.1% | 77.8%-35.7pp | 79.3%-37.1pp | 73.7%-31.6pp |
| Annual return | -16.05% | -11.59%-4.5pp | -14.97%-1.1pp | 12.21%-28.3pp |
| Employer contribution / active EE | $2,595 | $2,907-10.7% | $4,232-38.7% | $2,848-8.9% |
| Participant deferral / active EE | $2,136 | $4,705-54.6% | $5,602-61.9% | $4,806-55.6% |
| Admin fee / account holder | $109 | $116-5.5% | $10,323-98.9% | $133-17.5% |