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 | $24,244 |
Service code 27 · EIN 45-4118952 121 MIDDLE ST. SUITE 403 · PORTLAND, ME 04101 | Advisory (Plan) | $14,507 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,181 | $47,126-2.0% | $149,673-69.1% | $74,419-37.9% |
| Participation rate | 43.2% | 63.4%-20.2pp | 78.8%-35.5pp | 70.7%-27.5pp |
| Annual return | 10.82% | 22.75%-11.9pp | 134.42%-123.6pp | 34.38%-23.6pp |
| Employer contribution / active EE | $2,111 | $1,905+10.8% | $4,818-56.2% | $2,637-19.9% |
| Participant deferral / active EE | $3,356 | $2,728+23.0% | $5,680-40.9% | $4,528-25.9% |
| Admin fee / account holder | $226 | $343-34.0% | $13,210-98.3% | $348-35.0% |