Filed April 29, 2024 (most recent of 3 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.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $55,603 | $80,717-31.1% | $154,803-64.1% | $84,808-34.4% |
| Participation rate | 60.7% | 66.8%-6.1pp | 78.1%-17.4pp | 68.3%-7.6pp |
| Annual return | 14.98% | 37.96%-23.0pp | 58.88%-43.9pp | 40.90%-25.9pp |
| Employer contribution / active EE | $1,076 | $2,761-61.0% | $4,305-75.0% | $2,631-59.1% |
| Participant deferral / active EE | $2,136 | $3,303-35.3% | $5,540-61.4% | $4,212-49.3% |
| Admin fee / account holder | $2,793 | $6,746-58.6% | $14,329-80.5% | $7,344-62.0% |