Filed January 18, 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.
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,436 | $84,936-54.7% | $111,297-65.5% | $79,386-51.6% |
| Participation rate | 40.1% | 75.9%-35.7pp | 77.3%-37.2pp | 70.7%-30.6pp |
| Annual return | 17.48% | 17.45%0pp | 54.65%-37.2pp | 116.85%-99.4pp |
| Employer contribution / active EE | $0 | $1,979-100.0% | $2,731-100.0% | $2,427-100.0% |
| Participant deferral / active EE | $867 | $3,888-77.7% | $4,487-80.7% | $4,046-78.6% |
| Admin fee / account holder | $10,952 | $537+1938.8% | $7,964+37.5% | $626+1648.3% |