Filed January 10, 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 3-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.
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 | $10,525 | $76,774-86.3% | $112,228-90.6% | $77,904-86.5% |
| Participation rate | 14.1% | 80.2%-66.0pp | 75.1%-60.9pp | 73.7%-59.6pp |
| Annual return | 0.00% | -10.25%+10.3pp | 27.45%-27.4pp | 12.21%-12.2pp |
| Employer contribution / active EE | $0 | $3,977-100.0% | $3,635-100.0% | $2,848-100.0% |
| Participant deferral / active EE | $1,705 | $3,778-54.9% | $4,728-63.9% | $4,806-64.5% |
| Admin fee / account holder | $44 | $239-81.7% | $6,410-99.3% | $133-67.0% |