Filed August 10, 2017
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 |
|---|---|---|
BENEFIT PLANS ADMIN SERVICES, INC.10+ years Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $18,235 |
Service code 26 216 ROUTE 299 · HIGHLAND, NY 12528 | Advisory (Participants) | $11,778 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,598 | $60,323-34.4% | $81,812-51.6% | $74,495-46.8% |
| Participation rate | 44.8% | 62.9%-18.1pp | 72.3%-27.6pp | 67.2%-22.4pp |
| Annual return | 12.51% | 16.90%-4.4pp | 773.79%-761.3pp | 1364.94%-1352.4pp |
| Employer contribution / active EE | $435 | $2,620-83.4% | $2,912-85.0% | $2,623-83.4% |
| Participant deferral / active EE | $826 | $3,387-75.6% | $4,319-80.9% | $4,346-81.0% |
| Admin fee / account holder | $250 | $1,486-83.2% | $7,386-96.6% | $1,942-87.1% |