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 | $7,038 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,044 | $37,196-62.2% | $154,108-90.9% | $55,725-74.8% |
| Participation rate | 29.1% | 64.1%-35.0pp | 83.0%-53.9pp | 70.9%-41.7pp |
| Annual return | 19.51% | 1319.68%-1300.2pp | 735.21%-715.7pp | 244.93%-225.4pp |
| Employer contribution / active EE | $1,146 | $1,614-29.0% | $5,298-78.4% | $2,078-44.9% |
| Participant deferral / active EE | $1,493 | $2,068-27.8% | $5,081-70.6% | $3,356-55.5% |
| Admin fee / account holder | $94 | $102-7.0% | $13,411-99.3% | $115-18.0% |