Filed October 27, 2022
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.
Employer 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 | $47,417 | $81,460-41.8% | $103,333-54.1% | $80,856-41.4% |
| Participation rate | 24.1% | 66.8%-42.7pp | 74.5%-50.4pp | 67.6%-43.5pp |
| Annual return | 11.37% | 25.55%-14.2pp | 24.88%-13.5pp | 35.59%-24.2pp |
| Employer contribution / active EE | $697 | $3,105-77.6% | $3,868-82.0% | $2,755-74.7% |
| Participant deferral / active EE | $2,528 | $3,869-34.7% | $5,057-50.0% | $4,296-41.2% |
| Admin fee / account holder | $8,313 | $6,566+26.6% | $8,355-0.5% | $6,918+20.2% |