Filed October 20, 2023
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.
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 | $14,752 | $57,103-74.2% | $87,507-83.1% | $57,658-74.4% |
| Participation rate | 44.7% | 64.3%-19.6pp | 73.8%-29.1pp | 70.2%-25.5pp |
| Annual return | 9.23% | 12.71%-3.5pp | 12.21%-3.0pp | 5.13%+4.1pp |
| Employer contribution / active EE | $341 | $1,107-69.2% | $2,550-86.6% | $1,974-82.7% |
| Participant deferral / active EE | $878 | $2,250-61.0% | $3,149-72.1% | $3,061-71.3% |
| Admin fee / account holder | $92 | $281-67.4% | $4,221-97.8% | $95-3.2% |