Filed October 21, 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 7-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 | $44,634 | $69,454-35.7% | $180,183-75.2% | $74,304-39.9% |
| Participation rate | 30.4% | 61.8%-31.4pp | 77.4%-47.0pp | 60.3%-29.9pp |
| Annual return | 16.92% | 25.86%-8.9pp | 27.86%-10.9pp | 29.43%-12.5pp |
| Employer contribution / active EE | $659 | $3,155-79.1% | $5,039-86.9% | $2,241-70.6% |
| Participant deferral / active EE | $2,059 | $4,662-55.8% | $6,822-69.8% | $3,767-45.3% |
| Admin fee / account holder | $6,443 | $3,036+112.2% | $19,975-67.7% | $2,969+117.0% |