Filed July 19, 2023
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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,289 | $123,793-64.2% | $177,821-75.1% | $79,858-44.5% |
| Participation rate | 68.2% | 84.7%-16.5pp | 87.7%-19.5pp | 69.6%-1.5pp |
| Annual return | 21.42% | 22.82%-1.4pp | 48.32%-26.9pp | 31.71%-10.3pp |
| Employer contribution / active EE | $1,303 | $4,095-68.2% | $5,918-78.0% | $2,471-47.3% |
| Participant deferral / active EE | $2,007 | $5,956-66.3% | $7,714-74.0% | $3,740-46.3% |
| Admin fee / account holder | $5,124 | $7,243-29.2% | $12,427-58.8% | $5,306-3.4% |