Filed August 15, 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 4-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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,819 | $91,407-91.4% | $135,903-94.2% | $71,457-89.1% |
| Participation rate | 61.6% | 75.7%-14.1pp | 81.9%-20.3pp | 67.9%-6.3pp |
| Annual return | 73.17% | 29.90%+43.3pp | 68.23%+4.9pp | 28.85%+44.3pp |
| Employer contribution / active EE | $0 | $3,703-100.0% | $4,856-100.0% | $2,588-100.0% |
| Participant deferral / active EE | $2,625 | $7,092-63.0% | $7,758-66.2% | $4,289-38.8% |
| Admin fee / account holder | $138 | $1,266-89.1% | $10,762-98.7% | $1,587-91.3% |