Retirement plan

STAFF LEASING RETIREMENT SAVINGS PLAN

Name: STAFF LEASING INC AND AFFILIATES - STAFF LEASING RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: STAFF LEASING INC AND AFFILIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAFF LEASING RETIREMENT SAVINGS PLAN, STAFF LEASING INC AND AFFILIATES

STAFF LEASING INC AND AFFILIATESEIN 16-1417529Plan #333PY 2016

149 NORTHERN CONCOURSE - N SYRACUSE, NY 13212315-641-3600

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$33.7M

-15.5% from 2015

Total participants

999

-25.5% from 2015

Average account balance

$47,855

+29.0% from 2015

Annual return

-18.11%

-20.32 pp from 2015

Benchmarks

See 631 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort631 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$70.18M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$59K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,196

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

39.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$84

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Filed as: LION STREET FINANCIAL, LLC Service code 99 · EIN 80-0946231 515 CONGRESS AVE., SUITE 2500 · AUSTIN, TX 78701	Other Fees	$0
ONEIDA SAVINGS BANK1 year Filed as: ONEIDA WEALTH MANAGEMENT, INC. Service code 99 · EIN 20-5076269 706 N CLINTON ST · SYRACUSE, NY 13204	Other Fees	$0
POINT GUARD ADVISOR NETWORK LLC1 year Service code 99 · EIN 81-1218614 110 BUCHMANS CLOSE CIRCLE · FAYETTEVILLE, NY 13066	Other Fees	$0
PRIDA, GUIDA & PEREZ, P.A.1 year Filed as: PRIDA GUIDA & COMPANY PA Service code 10 · EIN 59-1978917 1106 NORTH FRANKLIN STREET · TAMPA, FL 33602	Accounting	$0
THOMAS SCHENCK1 year Filed as: THOMAS M. SCHENCK CPA PA Service code 10 · EIN 59-3293727 5550 W. EXECUTIVE DRIVE, SUITE 240 · TAMPA, FL 33609	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$12 / participant

Contract admin$9K100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRIDA GUIDA & CO, P.C.
Auditor EIN: 591978917
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,855

$30,599+56.4%

$74,577-35.8%

$57,658-17.0%

Participation rate

61.3%

49.1%+12.1pp

68.1%-6.8pp

70.2%-9.0pp

Annual return

-18.11%

14.24%-32.3pp

20.47%-38.6pp

5.13%-23.2pp

Employer contribution / active EE

$1,396

$1,000+39.6%

$2,525-44.7%

$1,974-29.3%

Participant deferral / active EE

$2,681

$1,805+48.5%

$3,458-22.5%

$3,061-12.4%

Admin fee / account holder

$13

$98-86.3%

$4,138-99.7%

$95-85.8%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LION STREET FINANCIAL, LLC

Service code 99 · EIN 80-0946231

515 CONGRESS AVE., SUITE 2500 · AUSTIN, TX 78701

Other Fees

ONEIDA SAVINGS BANK1 year

Filed as: ONEIDA WEALTH MANAGEMENT, INC.

Service code 99 · EIN 20-5076269

706 N CLINTON ST · SYRACUSE, NY 13204

Other Fees

POINT GUARD ADVISOR NETWORK LLC1 year

Service code 99 · EIN 81-1218614

110 BUCHMANS CLOSE CIRCLE · FAYETTEVILLE, NY 13066

Other Fees

PRIDA, GUIDA & PEREZ, P.A.1 year

Filed as: PRIDA GUIDA & COMPANY PA

Service code 10 · EIN 59-1978917

1106 NORTH FRANKLIN STREET · TAMPA, FL 33602

Accounting

THOMAS SCHENCK1 year

Filed as: THOMAS M. SCHENCK CPA PA

Service code 10 · EIN 59-3293727

5550 W. EXECUTIVE DRIVE, SUITE 240 · TAMPA, FL 33609

Accounting

STAFF LEASING RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAFF LEASING RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion