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 | $27,838 |
Service code 27 · EIN 45-4118952 121 MIDDLE ST. SUITE 403 · PORTLAND, ME 04101 | Advisory (Plan) | $21,122 |
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 | $65,430 | $49,915+31.1% | $154,803-57.7% | $74,304-11.9% |
| Participation rate | 55.0% | 54.0%+1.1pp | 78.1%-23.0pp | 60.3%-5.3pp |
| Annual return | 12.73% | 34.06%-21.3pp | 58.88%-46.2pp | 29.43%-16.7pp |
| Employer contribution / active EE | $2,939 | $1,611+82.4% | $4,305-31.7% | $2,241+31.1% |
| Participant deferral / active EE | $3,962 | $2,255+75.7% | $5,540-28.5% | $3,767+5.2% |
| Admin fee / account holder | $295 | $2,189-86.5% | $14,329-97.9% | $2,969-90.1% |