Filed February 9, 2021
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.
Participant 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $29,180 | $109,413-73.3% | $156,263-81.3% | $84,808-65.6% |
| Participation rate | 69.6% | 72.7%-3.1pp | 78.9%-9.3pp | 68.3%+1.3pp |
| Annual return | 17.02% | 20.18%-3.2pp | 59.47%-42.4pp | 40.90%-23.9pp |
| Employer contribution / active EE | $824 | $2,907-71.6% | $4,333-81.0% | $2,631-68.7% |
| Participant deferral / active EE | $1,832 | $4,590-60.1% | $6,158-70.3% | $4,212-56.5% |
| Admin fee / account holder | $346 | $9,357-96.3% | $14,255-97.6% | $7,344-95.3% |