Filed August 23, 2023
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 7-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.)
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 | $50,215 | $109,413-54.1% | $156,263-67.9% | $84,808-40.8% |
| Participation rate | 51.5% | 72.7%-21.2pp | 78.9%-27.4pp | 68.3%-16.8pp |
| Annual return | 16.52% | 20.18%-3.7pp | 59.47%-43.0pp | 40.90%-24.4pp |
| Employer contribution / active EE | $1,000 | $2,907-65.6% | $4,333-76.9% | $2,631-62.0% |
| Participant deferral / active EE | $6,877 | $4,590+49.8% | $6,158+11.7% | $4,212+63.3% |
| Admin fee / account holder | $16,549 | $9,357+76.9% | $14,255+16.1% | $7,344+125.4% |