Filed December 29, 2021
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 14201 | Recordkeeping | $466 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,069 | $76,000-88.1% | $154,107-94.1% | $64,186-85.9% |
| Participation rate | 69.6% | 70.4%-0.8pp | 83.0%-13.4pp | 69.6%+0.1pp |
| Annual return | -7.97% | 30.32%-38.3pp | 735.12%-743.1pp | 7.63%-15.6pp |
| Employer contribution / active EE | $621 | $3,351-81.5% | $5,298-88.3% | $2,381-73.9% |
| Participant deferral / active EE | $2,058 | $3,175-35.2% | $5,081-59.5% | $3,470-40.7% |
| Admin fee / account holder | $28 | $5,596-99.5% | $13,411-99.8% | $4,888-99.4% |