Filed October 27, 2022
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 | $65,128 |
CHARLES SCHWAB & CO., INC.9 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,782 | $50,815-35.5% | $155,509-78.9% | $77,643-57.8% |
| Participation rate | 81.2% | 63.1%+18.1pp | 78.2%+3.0pp | 70.6%+10.6pp |
| Annual return | 15.34% | 34.80%-19.5pp | 64.67%-49.3pp | 31.24%-15.9pp |
| Employer contribution / active EE | $1,890 | $1,993-5.1% | $4,672-59.5% | $2,726-30.7% |
| Participant deferral / active EE | $2,253 | $2,822-20.2% | $5,626-60.0% | $4,647-51.5% |
| Admin fee / account holder | $225 | $437-48.4% | $15,912-98.6% | $430-47.6% |