Filed March 10, 2015
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
GLENS FALLS NATIONAL BANK AND TRUST11+ years Service code 15 · EIN 14-0696635 | Recordkeeping | $66,355 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $15,950 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $38,461 | $50,982-24.6% | $154,803-75.2% | $85,563-55.0% |
| Participation rate | 47.4% | 59.8%-12.4pp | 78.1%-30.7pp | 66.0%-18.6pp |
| Annual return | 17.37% | 30.35%-13.0pp | 58.88%-41.5pp | 31.51%-14.1pp |
| Employer contribution / active EE | $741 | $1,708-56.6% | $4,305-82.8% | $2,654-72.1% |
| Participant deferral / active EE | $1,525 | $2,474-38.4% | $5,540-72.5% | $4,375-65.1% |
| Admin fee / account holder | $224 | $846-73.6% | $14,329-98.4% | $834-73.2% |