Filed June 23, 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.
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.
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 | $64,229 | $63,355+1.4% | $91,989-30.2% | $72,985-12.0% |
| Participation rate | 69.1% | 72.5%-3.4pp | 78.6%-9.5pp | 69.5%-0.4pp |
| Annual return | 2.26% | 35.35%-33.1pp | 69.02%-66.8pp | 81.00%-78.7pp |
| Employer contribution / active EE | $1,425 | $2,116-32.6% | $3,452-58.7% | $2,440-41.6% |
| Participant deferral / active EE | $2,849 | $4,883-41.6% | $5,923-51.9% | $3,607-21.0% |
| Admin fee / account holder | $6,281 | $4,668+34.6% | $7,743-18.9% | $5,124+22.6% |