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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 | Recordkeeping | $6,557 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,120 | $57,103-66.5% | $87,502-78.1% | $57,658-66.8% |
| Participation rate | 34.5% | 64.3%-29.8pp | 73.8%-39.3pp | 70.2%-35.7pp |
| Annual return | 7.14% | 12.71%-5.6pp | 12.21%-5.1pp | 5.13%+2.0pp |
| Employer contribution / active EE | $0 | $1,107-100.0% | $2,550-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $528 | $2,250-76.5% | $3,149-83.2% | $3,061-82.8% |
| Admin fee / account holder | $56 | $281-80.2% | $4,221-98.7% | $95-41.2% |