Filed March 11, 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 | $18,927 | $52,279-63.8% | $89,391-78.8% | $79,858-76.3% |
| Participation rate | 25.8% | 57.5%-31.8pp | 68.0%-42.2pp | 69.6%-43.9pp |
| Annual return | 6.06% | 22.16%-16.1pp | 245.62%-239.6pp | 31.71%-25.7pp |
| Employer contribution / active EE | $46 | $1,572-97.1% | $2,586-98.2% | $2,471-98.1% |
| Participant deferral / active EE | $2,181 | $2,740-20.4% | $3,890-43.9% | $3,740-41.7% |
| Admin fee / account holder | $4,238 | $3,356+26.3% | $4,881-13.2% | $5,306-20.1% |