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 | $39,637 |
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 | $38,023 | $56,540-32.7% | $185,849-79.5% | $86,821-56.2% |
| Participation rate | 44.9% | 65.5%-20.7pp | 81.7%-36.8pp | 72.3%-27.4pp |
| Annual return | 29.20% | 118.20%-89.0pp | 122.10%-92.9pp | 97.94%-68.7pp |
| Employer contribution / active EE | $1,807 | $1,844-2.0% | $5,169-65.0% | $2,406-24.9% |
| Participant deferral / active EE | $2,640 | $2,555+3.3% | $5,569-52.6% | $4,132-36.1% |
| Admin fee / account holder | $213 | $150+42.4% | $16,244-98.7% | $170+25.7% |