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 | $44,304 |
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 | $35,825 | $46,332-22.7% | $143,797-75.1% | $64,824-44.7% |
| Participation rate | 46.9% | 64.2%-17.4pp | 80.3%-33.5pp | 71.5%-24.6pp |
| Annual return | -11.37% | -10.05%-1.3pp | -0.04%-11.3pp | 32.84%-44.2pp |
| Employer contribution / active EE | $2,199 | $1,911+15.1% | $4,952-55.6% | $2,507-12.3% |
| Participant deferral / active EE | $3,464 | $2,647+30.8% | $5,638-38.6% | $4,311-19.7% |
| Admin fee / account holder | $252 | $154+63.6% | $14,679-98.3% | $188+34.0% |