Filed April 12, 2023
Total covered: 10 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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,051 | $43,327-63.0% | $59,878-73.2% | $64,186-75.0% |
| Participation rate | 98.1% | 69.2%+28.9pp | 74.7%+23.4pp | 69.6%+28.5pp |
| Annual return | 0.22% | -1.55%+1.8pp | 3.46%-3.2pp | 7.63%-7.4pp |
| Employer contribution / active EE | $2,837 | $2,028+39.9% | $2,722+4.2% | $2,381+19.2% |
| Participant deferral / active EE | $0 | $2,546-100.0% | $3,402-100.0% | $3,470-100.0% |
| Admin fee / account holder | $762 | $3,005-74.6% | $3,590-78.8% | $4,888-84.4% |