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 | $800 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,632 | $86,655-40.4% | $119,609-56.8% | $66,914-22.8% |
| Participation rate | 98.3% | 75.6%+22.7pp | 79.3%+19.1pp | 69.8%+28.5pp |
| Annual return | -16.38% | -8.00%-8.4pp | -14.97%-1.4pp | 1.58%-18.0pp |
| Employer contribution / active EE | $3,451 | $2,536+36.1% | $4,232-18.5% | $2,544+35.6% |
| Participant deferral / active EE | $3,747 | $4,358-14.0% | $5,602-33.1% | $4,237-11.6% |
| Admin fee / account holder | $303 | $755-59.8% | $10,323-97.1% | $593-48.9% |