Filed April 3, 2024 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P O BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,699 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,642 | $66,302+5.0% | $110,238-36.8% | $56,287+23.7% |
| Participation rate | 93.0% | 74.9%+18.1pp | 79.8%+13.2pp | 69.9%+23.2pp |
| Annual return | -3.27% | -1.18%-2.1pp | 314.74%-318.0pp | -9.96%+6.7pp |
| Employer contribution / active EE | $1,535 | $2,047-25.0% | $3,826-59.9% | $2,111-27.3% |
| Participant deferral / active EE | $4,584 | $3,381+35.6% | $4,672-1.9% | $3,350+36.8% |
| Admin fee / account holder | $370 | $698-47.1% | $8,547-95.7% | $521-29.0% |