Filed July 7, 2022
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 9-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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,299 | $41,078-14.1% | $80,569-56.2% | $71,457-50.6% |
| Participation rate | 23.2% | 50.2%-27.0pp | 67.0%-43.8pp | 67.9%-44.7pp |
| Annual return | 12.63% | 38.45%-25.8pp | 935.43%-922.8pp | 28.85%-16.2pp |
| Employer contribution / active EE | $108 | $1,506-92.8% | $2,723-96.0% | $2,588-95.8% |
| Participant deferral / active EE | $1,044 | $2,699-61.3% | $4,447-76.5% | $4,289-75.7% |
| Admin fee / account holder | $10,463 | $1,840+468.5% | $5,377+94.6% | $1,587+559.2% |