Filed September 28, 2023
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,910 | $60,165-53.6% | $74,183-62.4% | $55,167-49.4% |
| Participation rate | 56.9% | 74.2%-17.3pp | 76.6%-19.8pp | 69.0%-12.1pp |
| Annual return | 10.69% | 10.00%+0.7pp | 17.74%-7.0pp | 169.23%-158.5pp |
| Employer contribution / active EE | $1,270 | $1,600-20.6% | $2,370-46.4% | $1,963-35.3% |
| Participant deferral / active EE | $2,354 | $2,973-20.8% | $3,550-33.7% | $3,054-22.9% |
| Admin fee / account holder | $712 | $419+69.7% | $5,586-87.3% | $504+41.2% |