Filed July 2, 2024
Total covered: 4 employees
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.)
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 | $45,131 | $43,723+3.2% | $121,196-62.8% | $64,186-29.7% |
| Participation rate | 60.8% | 58.3%+2.5pp | 71.7%-10.9pp | 69.6%-8.8pp |
| Annual return | -0.49% | 68.91%-69.4pp | 16.93%-17.4pp | 7.63%-8.1pp |
| Employer contribution / active EE | $911 | $1,296-29.8% | $4,022-77.4% | $2,381-61.8% |
| Participant deferral / active EE | $1,823 | $2,280-20.1% | $3,344-45.5% | $3,470-47.5% |
| Admin fee / account holder | $634 | $3,501-81.9% | $5,019-87.4% | $4,888-87.0% |