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 | $27,838 |
Service code 27 · EIN 45-4118952 121 MIDDLE ST. SUITE 403 · PORTLAND, ME 04101 | Advisory (Plan) | $21,122 |
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 | $65,430 | $43,749+49.6% | $158,223-58.6% | $65,306+0.2% |
| Participation rate | 55.0% | 56.9%-1.8pp | 79.2%-24.2pp | 57.7%-2.6pp |
| Annual return | 12.73% | 19.41%-6.7pp | 52.09%-39.4pp | 21.94%-9.2pp |
| Employer contribution / active EE | $2,939 | $1,497+96.2% | $4,109-28.5% | $1,967+49.4% |
| Participant deferral / active EE | $3,962 | $2,019+96.3% | $5,467-27.5% | $2,959+33.9% |
| Admin fee / account holder | $295 | $1,930-84.7% | $16,047-98.2% | $3,480-91.5% |