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 | $26,237 |
Service code 27 · EIN 45-4118952 121 MIDDLE ST. SUITE 403 · PORTLAND, ME 04101 | Advisory (Plan) | $17,570 |
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 | $51,716 | $55,437-6.7% | $155,534-66.7% | $74,459-30.5% |
| Participation rate | 52.5% | 61.9%-9.4pp | 78.2%-25.8pp | 67.2%-14.8pp |
| Annual return | 16.82% | 269.58%-252.8pp | 64.92%-48.1pp | 1369.70%-1352.9pp |
| Employer contribution / active EE | $2,671 | $2,266+17.9% | $4,675-42.9% | $2,626+1.7% |
| Participant deferral / active EE | $3,968 | $2,837+39.9% | $5,630-29.5% | $4,350-8.8% |
| Admin fee / account holder | $242 | $1,742-86.1% | $15,900-98.5% | $1,945-87.6% |