Filed October 18, 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 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.)
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 | $18,825 | $93,571-79.9% | $135,903-86.1% | $75,163-75.0% |
| Participation rate | 37.9% | 75.2%-37.2pp | 81.9%-44.0pp | 67.2%-29.3pp |
| Annual return | 37.41% | 30.90%+6.5pp | 68.23%-30.8pp | 160.62%-123.2pp |
| Employer contribution / active EE | $883 | $3,537-75.0% | $4,856-81.8% | $2,670-66.9% |
| Participant deferral / active EE | $713 | $6,404-88.9% | $7,758-90.8% | $4,125-82.7% |
| Admin fee / account holder | $4,832 | $6,975-30.7% | $10,762-55.1% | $5,651-14.5% |