Filed August 14, 2009
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $226 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $22,622 | $33,745-33.0% | $64,105-64.7% | $55,191-59.0% |
| Participation rate | 20.4% | 59.4%-38.9pp | 68.2%-47.7pp | 69.2%-48.7pp |
| Annual return | -1.63% | 4.95%-6.6pp | 791.24%-792.9pp | 10.78%-12.4pp |
| Employer contribution / active EE | $201 | $641-68.6% | $1,820-88.9% | $1,899-89.4% |
| Participant deferral / active EE | $528 | $1,929-72.6% | $2,822-81.3% | $3,046-82.7% |
| Admin fee / account holder | $34 | $94-64.4% | $4,499-99.3% | $91-63.0% |