Filed July 9, 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.
Participant 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,965 | $67,411-68.9% | $91,001-77.0% | $70,131-70.1% |
| Participation rate | 16.0% | 71.4%-55.3pp | 75.6%-59.6pp | 69.5%-53.5pp |
| Annual return | 20.45% | -40.16%+60.6pp | 4.60%+15.8pp | 73.14%-52.7pp |
| Employer contribution / active EE | $340 | $1,786-80.9% | $2,456-86.1% | $2,342-85.5% |
| Participant deferral / active EE | $493 | $2,823-82.5% | $3,547-86.1% | $3,332-85.2% |
| Admin fee / account holder | $1,163 | $4,236-72.5% | $5,417-78.5% | $4,645-75.0% |