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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 | Recordkeeping | $6,898 |
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 | $28,127 | $47,448-40.7% | $94,993-70.4% | $62,293-54.8% |
| Participation rate | 39.3% | 66.5%-27.2pp | 73.9%-34.6pp | 69.5%-30.2pp |
| Annual return | 19.41% | 22.64%-3.2pp | 27.14%-7.7pp | 28.90%-9.5pp |
| Employer contribution / active EE | $0 | $1,300-100.0% | $2,603-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $663 | $2,375-72.1% | $3,317-80.0% | $3,169-79.1% |
| Admin fee / account holder | $72 | $434-83.5% | $4,960-98.6% | $479-85.0% |