Filed September 8, 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 6-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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,341 | $80,717-55.0% | $154,803-76.5% | $84,808-57.1% |
| Participation rate | 12.2% | 66.8%-54.6pp | 78.1%-65.9pp | 68.3%-56.1pp |
| Annual return | 14.56% | 37.96%-23.4pp | 58.88%-44.3pp | 40.90%-26.3pp |
| Employer contribution / active EE | $381 | $2,761-86.2% | $4,305-91.1% | $2,631-85.5% |
| Participant deferral / active EE | $813 | $3,303-75.4% | $5,540-85.3% | $4,212-80.7% |
| Admin fee / account holder | $18,581 | $6,746+175.5% | $14,329+29.7% | $7,344+153.0% |