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 | $43,496+50.4% | $161,489-59.5% | $64,340+1.7% |
| Participation rate | 55.0% | 53.5%+1.5pp | 78.7%-23.7pp | 55.2%-0.2pp |
| Annual return | 12.73% | 20.76%-8.0pp | 89.72%-77.0pp | 24.14%-11.4pp |
| Employer contribution / active EE | $2,939 | $1,431+105.4% | $4,268-31.2% | $1,862+57.9% |
| Participant deferral / active EE | $3,962 | $1,996+98.5% | $5,630-29.6% | $2,980+32.9% |
| Admin fee / account holder | $295 | $2,330-87.3% | $16,006-98.2% | $3,703-92.0% |