Filed January 11, 2022
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 | $1,920 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $25,210 | $64,909-61.2% | $82,313-69.4% | $62,292-59.5% |
| Participation rate | 69.6% | 74.9%-5.3pp | 76.9%-7.3pp | 69.5%+0.1pp |
| Annual return | 16.73% | 21.18%-4.5pp | 25.88%-9.1pp | 28.90%-12.2pp |
| Employer contribution / active EE | $1,713 | $1,676+2.2% | $2,428-29.4% | $2,042-16.1% |
| Participant deferral / active EE | $3,676 | $3,103+18.4% | $3,706-0.8% | $3,169+16.0% |
| Admin fee / account holder | $46 | $440-89.5% | $5,608-99.2% | $479-90.4% |