Filed February 19, 2021 (most recent of 2 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 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 |
|---|---|---|
NBT BANCORP NA9+ years Service code 21 · EIN 16-1268674 | Bank Trustee | $38,629 |
CHARLES SCHWAB & CO., INC.9+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,118 | $47,126-29.7% | $149,673-77.9% | $74,419-55.5% |
| Participation rate | 29.0% | 63.4%-34.4pp | 78.8%-49.8pp | 70.7%-41.7pp |
| Annual return | 18.13% | 22.75%-4.6pp | 134.42%-116.3pp | 34.38%-16.2pp |
| Employer contribution / active EE | $275 | $1,905-85.6% | $4,818-94.3% | $2,637-89.6% |
| Participant deferral / active EE | $896 | $2,728-67.2% | $5,680-84.2% | $4,528-80.2% |
| Admin fee / account holder | $142 | $343-58.5% | $13,210-98.9% | $348-59.1% |