Filed December 21, 2017 (most recent of 4 filings on file)
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 9-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 |
|---|---|---|
Filed as: BENEFIT PLAN ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 10019 | Recordkeeping | $26,142 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $26,390 | $52,293-49.5% | $178,490-85.2% | $73,409-64.1% |
| Participation rate | 39.7% | 65.3%-25.7pp | 81.9%-42.3pp | 72.2%-32.5pp |
| Annual return | 8.55% | 34.75%-26.2pp | 151.07%-142.5pp | 59.29%-50.7pp |
| Employer contribution / active EE | $1,571 | $1,735-9.5% | $5,011-68.7% | $2,234-29.7% |
| Participant deferral / active EE | $2,036 | $2,332-12.7% | $5,202-60.9% | $3,805-46.5% |
| Admin fee / account holder | $150 | $127+18.0% | $13,984-98.9% | $158-4.8% |