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.
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 | $7,561 | $45,073-83.2% | $69,455-89.1% | $72,985-89.6% |
| Participation rate | 66.7% | 68.5%-1.8pp | 74.6%-7.9pp | 69.5%-2.8pp |
| Annual return | 11.81% | 22.65%-10.8pp | 28.97%-17.2pp | 81.00%-69.2pp |
| Employer contribution / active EE | $1,563 | $2,054-23.9% | $2,779-43.8% | $2,440-36.0% |
| Participant deferral / active EE | $1,326 | $2,602-49.0% | $3,535-62.5% | $3,607-63.3% |
| Admin fee / account holder | $1,525 | $3,056-50.1% | $3,839-60.3% | $5,124-70.2% |