Filed August 30, 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.
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).
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 | $2,831 | $50,815-94.4% | $155,509-98.2% | $77,643-96.4% |
| Participation rate | 86.4% | 63.1%+23.3pp | 78.2%+8.2pp | 70.6%+15.8pp |
| Annual return | 36.66% | 34.80%+1.9pp | 64.67%-28.0pp | 31.24%+5.4pp |
| Employer contribution / active EE | $517 | $1,993-74.1% | $4,672-88.9% | $2,726-81.0% |
| Participant deferral / active EE | $1,646 | $2,822-41.7% | $5,626-70.7% | $4,647-64.6% |
| Admin fee / account holder | $40 | $437-90.7% | $15,912-99.7% | $430-90.6% |