Filed December 21, 2017 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLAN ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 10019 | Recordkeeping | $27,838 |
Service code 27 · EIN 45-4118952 121 MIDDLE ST. SUITE 403 · PORTLAND, ME 04101 | Advisory (Plan) | $21,122 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,430 | $45,343+44.3% | $150,298-56.5% | $67,986-3.8% |
| Participation rate | 55.0% | 51.9%+3.2pp | 77.8%-22.7pp | 57.2%-2.2pp |
| Annual return | 12.73% | 33.28%-20.6pp | 62.79%-50.1pp | 31.67%-18.9pp |
| Employer contribution / active EE | $2,939 | $1,462+101.0% | $4,154-29.3% | $2,019+45.6% |
| Participant deferral / active EE | $3,962 | $2,055+92.8% | $5,453-27.3% | $3,358+18.0% |
| Admin fee / account holder | $295 | $2,250-86.9% | $14,116-97.9% | $3,203-90.8% |