Filed May 21, 2021 (most recent of 2 filings on file)
Total covered: 2 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 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.
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 | $18,582 | $75,828-75.5% | $147,614-87.4% | $59,632-68.8% |
| Participation rate | 12.7% | 71.6%-58.9pp | 84.6%-71.9pp | 68.7%-56.0pp |
| Annual return | -4.10% | 0.37%-4.5pp | 61.98%-66.1pp | 2041.28%-2045.4pp |
| Employer contribution / active EE | $0 | $3,485-100.0% | $5,564-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $267 | $3,130-91.5% | $4,895-94.6% | $3,192-91.6% |
| Admin fee / account holder | $443 | $5,985-92.6% | $11,611-96.2% | $4,297-89.7% |