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 | $16,670 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,243 | $62,928-64.7% | $172,753-87.1% | $67,582-67.1% |
| Participation rate | 33.3% | 64.5%-31.1pp | 82.6%-49.3pp | 71.3%-37.9pp |
| Annual return | 36.07% | 30.36%+5.7pp | 803.00%-766.9pp | 378.57%-342.5pp |
| Employer contribution / active EE | $1,395 | $1,636-14.8% | $5,144-72.9% | $2,148-35.1% |
| Participant deferral / active EE | $1,815 | $2,145-15.4% | $5,198-65.1% | $3,539-48.7% |
| Admin fee / account holder | $117 | $167-30.0% | $13,956-99.2% | $142-18.1% |