Filed January 29, 2024
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 | $106,038 | $77,503+36.8% | $100,391+5.6% | $80,856+31.1% |
| Participation rate | 40.0% | 76.9%-36.9pp | 81.5%-41.5pp | 67.6%-27.6pp |
| Annual return | 15.95% | 37.20%-21.2pp | 49.20%-33.2pp | 35.59%-19.6pp |
| Employer contribution / active EE | $295 | $2,801-89.5% | $3,942-92.5% | $2,755-89.3% |
| Participant deferral / active EE | $5,834 | $6,820-14.5% | $8,082-27.8% | $4,296+35.8% |
| Admin fee / account holder | $7,684 | $5,897+30.3% | $7,899-2.7% | $6,918+11.1% |