Filed January 23, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,782 | $48,795-69.7% | $65,493-77.4% | $84,808-82.6% |
| Participation rate | 21.9% | 67.0%-45.1pp | 73.1%-51.2pp | 68.3%-46.4pp |
| Annual return | 7.72% | 20.20%-12.5pp | 982.45%-974.7pp | 40.90%-33.2pp |
| Employer contribution / active EE | $485 | $1,930-74.9% | $2,574-81.2% | $2,631-81.6% |
| Participant deferral / active EE | $781 | $2,928-73.3% | $3,961-80.3% | $4,212-81.5% |
| Admin fee / account holder | $768 | $3,877-80.2% | $5,028-84.7% | $7,344-89.5% |