Filed February 4, 2020
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $76,582 | $72,012+6.3% | $185,823-58.8% | $79,858-4.1% |
| Participation rate | 15.4% | 65.8%-50.4pp | 78.0%-62.6pp | 69.6%-54.2pp |
| Annual return | 8.89% | 23.12%-14.2pp | 35.95%-27.1pp | 31.71%-22.8pp |
| Employer contribution / active EE | $0 | $1,965-100.0% | $4,087-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $1,487 | $3,779-60.6% | $5,632-73.6% | $3,740-60.2% |
| Admin fee / account holder | $1,389 | $4,513-69.2% | $9,500-85.4% | $5,306-73.8% |