Filed March 6, 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 10-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.
Employer 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,132 | $53,777-32.8% | $134,143-73.1% | $79,858-54.8% |
| Participation rate | 36.5% | 58.8%-22.2pp | 72.2%-35.6pp | 69.6%-33.1pp |
| Annual return | 13.21% | 19.01%-5.8pp | 36.33%-23.1pp | 31.71%-18.5pp |
| Employer contribution / active EE | $0 | $1,321-100.0% | $3,704-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $2,164 | $2,420-10.6% | $3,499-38.2% | $3,740-42.1% |
| Admin fee / account holder | $3,954 | $3,984-0.8% | $6,684-40.8% | $5,306-25.5% |