Filed January 27, 2022 (most recent of 2 filings on file)
Total covered: 8 employees
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.
Employer 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.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,657 | $137,414-53.7% | $189,513-66.4% | $85,850-25.9% |
| Participation rate | 60.3% | 84.6%-24.4pp | 87.8%-27.5pp | 69.3%-9.1pp |
| Annual return | 8.36% | 38.14%-29.8pp | 555.15%-546.8pp | 318.53%-310.2pp |
| Employer contribution / active EE | $609 | $4,344-86.0% | $6,162-90.1% | $2,565-76.3% |
| Participant deferral / active EE | $3,232 | $6,260-48.4% | $8,221-60.7% | $3,952-18.2% |
| Admin fee / account holder | $14,294 | $8,630+65.6% | $12,045+18.7% | $6,260+128.3% |