Filed July 26, 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 14201 | Recordkeeping | $2,823 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $81,260 | $95,274-14.7% | $135,903-40.2% | $74,419+9.2% |
| Participation rate | 44.4% | 78.2%-33.7pp | 81.9%-37.5pp | 70.7%-26.3pp |
| Annual return | 19.01% | 32.77%-13.8pp | 68.23%-49.2pp | 34.38%-15.4pp |
| Employer contribution / active EE | $537 | $3,874-86.1% | $4,856-88.9% | $2,637-79.6% |
| Participant deferral / active EE | $3,791 | $7,782-51.3% | $7,758-51.1% | $4,528-16.3% |
| Admin fee / account holder | $131 | $266-50.8% | $10,762-98.8% | $348-62.4% |