Filed April 24, 2024
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 142010600 | Recordkeeping | $926 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,028 | $93,182-29.1% | $146,665-55.0% | $79,386-16.8% |
| Participation rate | 90.0% | 76.4%+13.6pp | 80.1%+9.9pp | 70.7%+19.3pp |
| Annual return | 13.99% | 21.61%-7.6pp | 22.74%-8.8pp | 116.85%-102.9pp |
| Employer contribution / active EE | $3,432 | $2,420+41.8% | $4,136-17.0% | $2,427+41.4% |
| Participant deferral / active EE | $3,315 | $4,169-20.5% | $5,506-39.8% | $4,046-18.1% |
| Admin fee / account holder | $344 | $585-41.2% | $10,280-96.7% | $626-45.1% |