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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,285 | $44,960-10.4% | $84,966-52.6% | $74,495-45.9% |
| Participation rate | 23.1% | 49.4%-26.2pp | 67.5%-44.4pp | 67.2%-44.1pp |
| Annual return | 12.69% | 26.24%-13.6pp | 66.38%-53.7pp | 1364.94%-1352.3pp |
| Employer contribution / active EE | $143 | $1,457-90.2% | $2,727-94.8% | $2,623-94.5% |
| Participant deferral / active EE | $1,220 | $2,731-55.3% | $4,519-73.0% | $4,346-71.9% |
| Admin fee / account holder | $4,369 | $2,209+97.8% | $6,149-28.9% | $1,942+125.0% |