Filed February 5, 2021
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.
Participant 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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,552 | $65,435-42.6% | $86,677-56.7% | $66,914-43.9% |
| Participation rate | 56.8% | 75.5%-18.7pp | 76.6%-19.8pp | 69.8%-13.0pp |
| Annual return | -16.33% | -10.89%-5.4pp | 35.91%-52.2pp | 1.58%-17.9pp |
| Employer contribution / active EE | $1,283 | $2,153-40.4% | $2,836-54.8% | $2,544-49.6% |
| Participant deferral / active EE | $2,046 | $4,100-50.1% | $4,656-56.0% | $4,237-51.7% |
| Admin fee / account holder | $473 | $642-26.2% | $7,493-93.7% | $593-20.2% |