Filed August 30, 2022
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $41,148 | $50,637-18.7% | $86,590-52.5% | $62,292-33.9% |
| Participation rate | 37.2% | 67.9%-30.7pp | 73.5%-36.3pp | 69.5%-32.3pp |
| Annual return | 18.45% | 20.80%-2.3pp | 964.84%-946.4pp | 28.90%-10.4pp |
| Employer contribution / active EE | $0 | $2,075-100.0% | $2,839-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $986 | $2,611-62.2% | $3,609-72.7% | $3,169-68.9% |
| Admin fee / account holder | $6 | $413-98.7% | $4,906-99.9% | $479-98.9% |