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.)
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 | $8,058 | $42,894-81.2% | $60,874-86.8% | $68,494-88.2% |
| Participation rate | 42.4% | 66.8%-24.4pp | 73.1%-30.7pp | 67.9%-25.5pp |
| Annual return | -21.21% | -13.98%-7.2pp | 16.90%-38.1pp | -7.84%-13.4pp |
| Employer contribution / active EE | $905 | $1,978-54.3% | $2,701-66.5% | $2,596-65.2% |
| Participant deferral / active EE | $1,448 | $2,867-49.5% | $3,817-62.1% | $4,027-64.1% |
| Admin fee / account holder | $1,283 | $3,101-58.6% | $3,224-60.2% | $5,403-76.3% |