Filed September 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 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $178,079 | $94,625+88.2% | $116,228+53.2% | $84,808+110.0% |
| Participation rate | 56.5% | 70.4%-14.0pp | 74.6%-18.1pp | 68.3%-11.9pp |
| Annual return | 9.60% | 20.40%-10.8pp | 90.06%-80.5pp | 40.90%-31.3pp |
| Employer contribution / active EE | $524 | $2,347-77.7% | $2,994-82.5% | $2,631-80.1% |
| Participant deferral / active EE | $2,764 | $3,972-30.4% | $4,953-44.2% | $4,212-34.4% |
| Admin fee / account holder | $32,887 | $10,091+225.9% | $11,989+174.3% | $7,344+347.8% |