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 | $39,637 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,023 | $56,485-32.7% | $185,823-79.5% | $86,799-56.2% |
| Participation rate | 44.9% | 65.5%-20.6pp | 81.7%-36.8pp | 72.3%-27.4pp |
| Annual return | 29.20% | 118.04%-88.8pp | 122.05%-92.9pp | 97.91%-68.7pp |
| Employer contribution / active EE | $1,807 | $1,843-1.9% | $5,167-65.0% | $2,405-24.9% |
| Participant deferral / active EE | $2,640 | $2,553+3.4% | $5,568-52.6% | $4,131-36.1% |
| Admin fee / account holder | $213 | $150+42.5% | $16,237-98.7% | $170+25.7% |