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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 | Recordkeeping | $8,729 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,841 | $44,714+4.8% | $91,225-48.7% | $66,938-30.0% |
| Participation rate | 38.1% | 65.0%-26.9pp | 73.2%-35.1pp | 69.8%-31.7pp |
| Annual return | -15.46% | -12.25%-3.2pp | 114.12%-129.6pp | 1.58%-17.0pp |
| Employer contribution / active EE | $0 | $1,710-100.0% | $2,851-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $1,021 | $3,355-69.6% | $4,233-75.9% | $4,238-75.9% |
| Admin fee / account holder | $113 | $521-78.2% | $5,422-97.9% | $594-80.9% |