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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 | Recordkeeping | $7,239 |
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 | $35,409 | $50,175-29.4% | $99,475-64.4% | $65,185-45.7% |
| Participation rate | 33.5% | 68.4%-35.0pp | 73.8%-40.4pp | 70.2%-36.7pp |
| Annual return | 30.53% | 25.36%+5.2pp | 30.72%-0.2pp | 29.38%+1.1pp |
| Employer contribution / active EE | $0 | $1,496-100.0% | $2,540-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $618 | $2,748-77.5% | $3,619-82.9% | $3,514-82.4% |
| Admin fee / account holder | $77 | $398-80.6% | $6,252-98.8% | $847-90.9% |