Filed August 8, 2024
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 3-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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,231 | $50,982+53.4% | $154,803-49.5% | $85,563-8.6% |
| Participation rate | 5.9% | 59.8%-53.9pp | 78.1%-72.2pp | 66.0%-60.1pp |
| Annual return | 9.57% | 30.35%-20.8pp | 58.88%-49.3pp | 31.51%-21.9pp |
| Employer contribution / active EE | $0 | $1,708-100.0% | $4,305-100.0% | $2,654-100.0% |
| Participant deferral / active EE | $166 | $2,474-93.3% | $5,540-97.0% | $4,375-96.2% |
| Admin fee / account holder | $7,131 | $846+743.0% | $14,329-50.2% | $834+754.8% |