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 | $24,244 |
Service code 27 · EIN 45-4118952 121 MIDDLE ST. SUITE 403 · PORTLAND, ME 04101 | Advisory (Plan) | $14,507 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $46,181 | $47,180-2.1% | $149,723-69.2% | $74,473-38.0% |
| Participation rate | 43.2% | 63.4%-20.2pp | 78.8%-35.5pp | 70.7%-27.5pp |
| Annual return | 10.82% | 22.75%-11.9pp | 134.50%-123.7pp | 34.36%-23.5pp |
| Employer contribution / active EE | $2,111 | $1,907+10.7% | $4,821-56.2% | $2,638-20.0% |
| Participant deferral / active EE | $3,356 | $2,730+22.9% | $5,682-40.9% | $4,530-25.9% |
| Admin fee / account holder | $226 | $343-34.1% | $13,215-98.3% | $347-34.8% |