Filed July 23, 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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,657 | $56,317-10.1% | $71,209-28.9% | $74,304-31.8% |
| Participation rate | 38.8% | 55.1%-16.3pp | 73.8%-34.9pp | 60.3%-21.5pp |
| Annual return | 16.69% | 42.83%-26.1pp | 282.51%-265.8pp | 29.43%-12.7pp |
| Employer contribution / active EE | $696 | $2,160-67.8% | $2,721-74.4% | $2,241-69.0% |
| Participant deferral / active EE | $1,993 | $2,788-28.5% | $4,175-52.3% | $3,767-47.1% |
| Admin fee / account holder | $4,581 | $2,290+100.1% | $5,349-14.3% | $2,969+54.3% |