Retirement plan

STAFF LEASING RETIREMENT SAVINGS PLAN

Name: STAFF LEASING INC AND AFFILIATES - STAFF LEASING RETIREMENT SAVINGS PLAN (2021) 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 2021

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$71.4M

+18.9% from 2020

Total participants

1,316

-27.5% from 2020

Average account balance

$67,193

+5.9% from 2020

Annual return

18.51%

+3.41 pp from 2020

Benchmarks

See 736 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2021

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
PRIDA, GUIDA & PEREZ, P.A.4 years Filed as: PRIDA GUIDA AND PEREZ PA Service code 10 · EIN 22-2000222 1106 N FRANKLIN ST · TAMPA, NY 33609	Accounting	$22,000
THOMAS SCHENCK3 years Service code 10 · EIN 33-3000333 5550 W. EXECUTIVE DRIVE, SUITE 240 · TAMPA, FL 33609	Accounting	$20,950
POINT 406 VENTURES IV, L.P.5 years Filed as: POINT GUARD ADVISORS NETWORK LLC Service code 99 · EIN 66-6000666 108 BUCHMANS CLOSE CIRCLE · FAYETTEVILLE, NY 13066	Other Fees	$16,225
LPL FINANCIAL6 years Filed as: LION STREET FINANCIAL, LLC Service code 99 · EIN 80-0946231 515 CONGRESS AVE., SUITE 2500 · AUSTIN, TX 78701	Other Fees	$0
PENSION ASSURANCE LLP1 year Filed as: THE PENSION DEPT Service code 49 · EIN 22-2000222 105 MAXESS RD · MELVILLE, NY 11747	Other Services	$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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$78K

$79 / participant

Other / not subdivided$78K100.0%

% of EOY assets

0.109%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,193

$41,647+61.3%

$96,171-30.1%

$86,821-22.6%

Participation rate

74.3%

50.3%+24.0pp

68.4%+5.8pp

72.3%+2.0pp

Annual return

18.51%

27.24%-8.7pp

192.04%-173.5pp

97.94%-79.4pp

Employer contribution / active EE

$1,707

$1,328+28.5%

$2,799-39.0%

$2,406-29.1%

Participant deferral / active EE

$3,516

$2,412+45.7%

$4,350-19.2%

$4,132-14.9%

Admin fee / account holder

$73

$169-56.6%

$5,538-98.7%

$170-56.7%

Provider

Service type

Compensation

PRIDA, GUIDA & PEREZ, P.A.4 years

Filed as: PRIDA GUIDA AND PEREZ PA

Service code 10 · EIN 22-2000222

1106 N FRANKLIN ST · TAMPA, NY 33609

Accounting

$22,000

THOMAS SCHENCK3 years

Service code 10 · EIN 33-3000333

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

Accounting

$20,950

POINT 406 VENTURES IV, L.P.5 years

Filed as: POINT GUARD ADVISORS NETWORK LLC

Service code 99 · EIN 66-6000666

108 BUCHMANS CLOSE CIRCLE · FAYETTEVILLE, NY 13066

Other Fees

$16,225

LPL FINANCIAL6 years

Filed as: LION STREET FINANCIAL, LLC

Service code 99 · EIN 80-0946231

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

Other Fees

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION DEPT

Service code 49 · EIN 22-2000222

105 MAXESS RD · MELVILLE, NY 11747

Other Services

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