Filed September 1, 2023 (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 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $20,307 | $61,156-66.8% | $185,823-89.1% | $79,386-74.4% |
| Participation rate | 52.3% | 66.6%-14.4pp | 81.7%-29.4pp | 70.7%-18.4pp |
| Annual return | 34.39% | 19.45%+14.9pp | 122.05%-87.7pp | 116.85%-82.5pp |
| Employer contribution / active EE | $237 | $2,321-89.8% | $5,167-95.4% | $2,427-90.2% |
| Participant deferral / active EE | $1,673 | $2,789-40.0% | $5,568-70.0% | $4,046-58.7% |
| Admin fee / account holder | $25 | $710-96.5% | $16,237-99.8% | $626-96.0% |