Filed October 15, 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 7-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.
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 | $34,969 | $49,451-29.3% | $79,550-56.0% | $66,914-47.7% |
| Participation rate | 32.2% | 61.3%-29.1pp | 69.5%-37.3pp | 69.8%-37.6pp |
| Annual return | -14.16% | 84.25%-98.4pp | 0.16%-14.3pp | 1.58%-15.7pp |
| Employer contribution / active EE | $235 | $1,266-81.5% | $2,413-90.3% | $2,544-90.8% |
| Participant deferral / active EE | $2,616 | $3,159-17.2% | $3,985-34.4% | $4,237-38.3% |
| Admin fee / account holder | $140 | $595-76.5% | $6,832-98.0% | $593-76.4% |