Filed January 26, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLAN ADMIN SERVICES, INC Service code 15 6 RHOADS DRIVE · UTICA, NY 13502 | Recordkeeping | $12,747 |
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 | $20,973 | $44,989-53.4% | $170,435-87.7% | $77,958-73.1% |
| Participation rate | 21.8% | 64.6%-42.8pp | 83.6%-61.8pp | 71.6%-49.8pp |
| Annual return | 20.22% | 19.61%+0.6pp | 205.94%-185.7pp | 20.87%-0.6pp |
| Employer contribution / active EE | $230 | $1,466-84.3% | $5,432-95.8% | $2,310-90.0% |
| Participant deferral / active EE | $491 | $2,208-77.8% | $4,939-90.1% | $3,537-86.1% |
| Admin fee / account holder | $95 | $69+37.5% | $13,881-99.3% | $97-2.6% |