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 NA10+ years Service code 21 · EIN 16-1268674 | Bank Trustee | $39,855 |
CHARLES SCHWAB & CO., INC.10+ 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 | $32,492 | $50,815-36.1% | $155,509-79.1% | $77,643-58.2% |
| Participation rate | 26.1% | 63.1%-37.0pp | 78.2%-52.1pp | 70.6%-44.5pp |
| Annual return | 11.99% | 34.80%-22.8pp | 64.67%-52.7pp | 31.24%-19.2pp |
| Employer contribution / active EE | $306 | $1,993-84.7% | $4,672-93.5% | $2,726-88.8% |
| Participant deferral / active EE | $955 | $2,822-66.2% | $5,626-83.0% | $4,647-79.5% |
| Admin fee / account holder | $157 | $437-64.0% | $15,912-99.0% | $430-63.5% |