Filed November 18, 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,088 | $52,406-75.0% | $129,207-89.9% | $74,495-82.4% |
| Participation rate | 38.9% | 53.8%-14.9pp | 69.6%-30.7pp | 67.2%-28.3pp |
| Annual return | 13.26% | 15.66%-2.4pp | 9417.33%-9404.1pp | 1364.94%-1351.7pp |
| Employer contribution / active EE | $885 | $1,531-42.2% | $4,153-78.7% | $2,623-66.3% |
| Participant deferral / active EE | $1,017 | $2,794-63.6% | $4,168-75.6% | $4,346-76.6% |
| Admin fee / account holder | $10 | $2,633-99.6% | $7,715-99.9% | $1,942-99.5% |