Filed April 29, 2019
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 9-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.
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 declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,769 | $80,753-43.3% | $136,294-66.4% | $62,292-26.5% |
| Participation rate | 19.8% | 73.5%-53.7pp | 81.9%-62.1pp | 69.5%-49.7pp |
| Annual return | 48.11% | 35.83%+12.3pp | 5155.94%-5107.8pp | 28.90%+19.2pp |
| Employer contribution / active EE | $0 | $2,884-100.0% | $4,695-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,701 | $5,164-47.7% | $6,247-56.8% | $3,169-14.8% |
| Admin fee / account holder | $299 | $525-43.1% | $9,243-96.8% | $479-37.7% |