Filed December 29, 2015 (most recent of 3 filings on file)
Total covered: 10 employees
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 |
|---|---|---|
Service code 16 · EIN 14-1764768 ONE EMPIRE DRIVE · RENSSELAER, NY 12144 | Consulting | $130,171 |
Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS. Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 135026374 | Recordkeeping | $98,137 |
LINCOLN NATIONAL CORPORATION9+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $458 |
Service code 15 · EIN 01-0278678 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,931 | $47,126+129.0% | $149,673-27.9% | $74,419+45.0% |
| Participation rate | 64.1% | 63.4%+0.7pp | 78.8%-14.7pp | 70.7%-6.6pp |
| Annual return | 14.91% | 22.75%-7.8pp | 134.42%-119.5pp | 34.38%-19.5pp |
| Employer contribution / active EE | $2,161 | $1,905+13.4% | $4,818-55.1% | $2,637-18.1% |
| Participant deferral / active EE | $3,531 | $2,728+29.4% | $5,680-37.8% | $4,528-22.0% |
| Admin fee / account holder | $303 | $343-11.5% | $13,210-97.7% | $348-12.8% |