Filed April 12, 2023
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 9-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,265 | $86,929-26.1% | $102,423-37.3% | $80,856-20.5% |
| Participation rate | 22.7% | 72.4%-49.6pp | 76.5%-53.8pp | 67.6%-44.9pp |
| Annual return | 0.05% | 18.88%-18.8pp | 29.32%-29.3pp | 35.59%-35.5pp |
| Employer contribution / active EE | $0 | $2,369-100.0% | $3,023-100.0% | $2,755-100.0% |
| Participant deferral / active EE | $154 | $4,118-96.2% | $5,053-96.9% | $4,296-96.4% |
| Admin fee / account holder | $3,371 | $8,049-58.1% | $9,451-64.3% | $6,918-51.3% |