Filed July 12, 2024
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.)
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 | $71,165 | $81,208-12.4% | $98,907-28.0% | $79,858-10.9% |
| Participation rate | 63.1% | 72.5%-9.4pp | 76.0%-12.9pp | 69.6%-6.6pp |
| Annual return | 8.60% | 60.99%-52.4pp | 196.43%-187.8pp | 31.71%-23.1pp |
| Employer contribution / active EE | $0 | $1,960-100.0% | $2,689-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $2,712 | $3,265-16.9% | $4,244-36.1% | $3,740-27.5% |
| Admin fee / account holder | $13,511 | $6,013+124.7% | $6,642+103.4% | $5,306+154.6% |