Filed December 19, 2024
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,685 | $123,793-91.4% | $177,821-94.0% | $79,858-86.6% |
| Participation rate | 29.6% | 84.7%-55.0pp | 87.7%-58.1pp | 69.6%-40.0pp |
| Annual return | 4.53% | 22.82%-18.3pp | 48.32%-43.8pp | 31.71%-27.2pp |
| Employer contribution / active EE | $0 | $4,095-100.0% | $5,918-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $666 | $5,956-88.8% | $7,714-91.4% | $3,740-82.2% |
| Admin fee / account holder | $610 | $7,243-91.6% | $12,427-95.1% | $5,306-88.5% |