Filed March 6, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,631 | $95,416-61.6% | $185,823-80.3% | $85,850-57.3% |
| Participation rate | 23.1% | 68.8%-45.7pp | 81.7%-58.6pp | 69.3%-46.2pp |
| Annual return | 12.93% | 23.59%-10.7pp | 122.05%-109.1pp | 318.53%-305.6pp |
| Employer contribution / active EE | $0 | $3,314-100.0% | $5,167-100.0% | $2,565-100.0% |
| Participant deferral / active EE | $700 | $3,423-79.6% | $5,568-87.4% | $3,952-82.3% |
| Admin fee / account holder | $1,690 | $7,213-76.6% | $16,237-89.6% | $6,260-73.0% |