Filed January 6, 2023 (most recent of 2 filings on file)
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,853 | $76,050-41.0% | $96,544-53.5% | $71,457-37.2% |
| Participation rate | 64.9% | 74.4%-9.5pp | 76.0%-11.0pp | 67.9%-3.0pp |
| Annual return | 13.67% | 22.81%-9.1pp | 25.84%-12.2pp | 28.85%-15.2pp |
| Employer contribution / active EE | $710 | $2,244-68.4% | $2,965-76.0% | $2,588-72.6% |
| Participant deferral / active EE | $3,928 | $4,215-6.8% | $4,851-19.0% | $4,289-8.4% |
| Admin fee / account holder | $394 | $2,707-85.4% | $8,252-95.2% | $1,587-75.2% |