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 | $2,067 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $83,044 | $86,332-3.8% | $125,175-33.7% | $65,185+27.4% |
| Participation rate | 93.5% | 75.3%+18.2pp | 79.8%+13.8pp | 70.2%+23.3pp |
| Annual return | 21.75% | 27.43%-5.7pp | 43.79%-22.0pp | 29.38%-7.6pp |
| Employer contribution / active EE | $1,529 | $2,040-25.0% | $3,865-60.4% | $2,177-29.8% |
| Participant deferral / active EE | $4,565 | $3,537+29.0% | $4,937-7.5% | $3,514+29.9% |
| Admin fee / account holder | $369 | $609-39.4% | $9,702-96.2% | $847-56.4% |