Filed August 30, 2022
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $30,908 | $66,124-53.3% | $90,404-65.8% | $73,488-57.9% |
| Participation rate | 53.2% | 69.7%-16.4pp | 72.7%-19.5pp | 70.7%-17.5pp |
| Annual return | 17.63% | 17.65%0pp | 1293.02%-1275.4pp | 28.51%-10.9pp |
| Employer contribution / active EE | $227 | $2,346-90.3% | $3,262-93.0% | $2,270-90.0% |
| Participant deferral / active EE | $1,267 | $3,039-58.3% | $3,963-68.0% | $3,740-66.1% |
| Admin fee / account holder | $5 | $396-98.7% | $5,611-99.9% | $513-99.0% |