Filed March 8, 2022
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 | $54,680 | $148,978-63.3% | $200,582-72.7% | $84,808-35.5% |
| Participation rate | 44.3% | 84.2%-39.9pp | 86.9%-42.6pp | 68.3%-24.0pp |
| Annual return | 9.77% | 28.16%-18.4pp | 42.33%-32.6pp | 40.90%-31.1pp |
| Employer contribution / active EE | $1,690 | $4,815-64.9% | $6,419-73.7% | $2,631-35.7% |
| Participant deferral / active EE | $1,584 | $7,142-77.8% | $9,331-83.0% | $4,212-62.4% |
| Admin fee / account holder | $1,126 | $13,977-91.9% | $16,305-93.1% | $7,344-84.7% |