Filed February 5, 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.)
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 | $41,301 | $84,936-51.4% | $111,297-62.9% | $79,386-48.0% |
| Participation rate | 56.3% | 75.9%-19.5pp | 77.3%-21.0pp | 70.7%-14.4pp |
| Annual return | 15.41% | 17.45%-2.0pp | 54.65%-39.2pp | 116.85%-101.4pp |
| Employer contribution / active EE | $1,205 | $1,979-39.1% | $2,731-55.9% | $2,427-50.3% |
| Participant deferral / active EE | $1,947 | $3,888-49.9% | $4,487-56.6% | $4,046-51.9% |
| Admin fee / account holder | $792 | $537+47.5% | $7,964-90.1% | $626+26.5% |