Filed November 3, 2022 (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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,192 | $31,310+9.2% | $53,898-36.6% | $74,304-54.0% |
| Participation rate | 60.9% | 30.7%+30.2pp | 55.0%+5.9pp | 60.3%+0.6pp |
| Annual return | 12.94% | 23.16%-10.2pp | 528.60%-515.7pp | 29.43%-16.5pp |
| Employer contribution / active EE | -$53 | $450-111.9% | $932-105.7% | $2,241-102.4% |
| Participant deferral / active EE | $1,424 | $934+52.5% | $1,826-22.0% | $3,767-62.2% |
| Admin fee / account holder | $3,082 | $2,175+41.7% | $2,491+23.7% | $2,969+3.8% |