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 | $46,688+40.1% | $189,758-65.5% | $69,733-6.2% |
| Participation rate | 55.0% | 61.7%-6.7pp | 79.8%-24.8pp | 62.5%-7.4pp |
| Annual return | 12.73% | 14.35%-1.6pp | 52.62%-39.9pp | 15.22%-2.5pp |
| Employer contribution / active EE | $2,939 | $1,695+73.4% | $4,767-38.3% | $2,250+30.6% |
| Participant deferral / active EE | $3,962 | $2,143+84.9% | $5,856-32.3% | $3,054+29.7% |
| Admin fee / account holder | $295 | $1,700-82.7% | $20,388-98.6% | $3,102-90.5% |