Filed July 8, 2021
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 | $67,048 | $84,233-20.4% | $170,442-60.7% | $70,131-4.4% |
| Participation rate | 24.4% | 70.8%-46.4pp | 83.6%-59.2pp | 69.5%-45.1pp |
| Annual return | 14.32% | 23.06%-8.7pp | 205.93%-191.6pp | 73.14%-58.8pp |
| Employer contribution / active EE | $55 | $3,387-98.4% | $5,433-99.0% | $2,342-97.7% |
| Participant deferral / active EE | $1,412 | $3,086-54.2% | $4,939-71.4% | $3,332-57.6% |
| Admin fee / account holder | $19,734 | $5,698+246.3% | $13,880+42.2% | $4,645+324.8% |