Filed June 29, 2022
Total covered: 6 employees
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 5-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.
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.
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 | $17,213 | $82,664-79.2% | $125,339-86.3% | $68,494-74.9% |
| Participation rate | 41.7% | 75.0%-33.4pp | 82.4%-40.7pp | 67.9%-26.2pp |
| Annual return | 1.99% | -5.97%+8.0pp | 572.05%-570.1pp | -7.84%+9.8pp |
| Employer contribution / active EE | $4,359 | $3,381+28.9% | $4,814-9.4% | $2,596+67.9% |
| Participant deferral / active EE | $5,824 | $6,110-4.7% | $7,446-21.8% | $4,027+44.6% |
| Admin fee / account holder | $1,610 | $6,275-74.4% | $10,010-83.9% | $5,403-70.2% |