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.
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 | $9,655 | $46,553-79.3% | $64,056-84.9% | $75,163-87.2% |
| Participation rate | 26.2% | 65.9%-39.8pp | 72.3%-46.1pp | 67.2%-41.0pp |
| Annual return | 10.83% | 26.03%-15.2pp | 33.69%-22.9pp | 160.62%-149.8pp |
| Employer contribution / active EE | $580 | $1,974-70.6% | $2,747-78.9% | $2,670-78.3% |
| Participant deferral / active EE | $743 | $2,837-73.8% | $3,880-80.8% | $4,125-82.0% |
| Admin fee / account holder | $505 | $2,952-82.9% | $3,068-83.5% | $5,651-91.1% |