Filed May 10, 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.
Employer 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,326 | $98,750-46.0% | $149,696-64.4% | $79,858-33.2% |
| Participation rate | 58.2% | 75.8%-17.6pp | 82.5%-24.3pp | 69.6%-11.5pp |
| Annual return | 14.18% | 27.43%-13.2pp | 276.60%-262.4pp | 31.71%-17.5pp |
| Employer contribution / active EE | $38 | $3,216-98.8% | $4,644-99.2% | $2,471-98.5% |
| Participant deferral / active EE | $3,482 | $5,680-38.7% | $6,842-49.1% | $3,740-6.9% |
| Admin fee / account holder | $15,427 | $6,053+154.9% | $9,309+65.7% | $5,306+190.7% |