Filed January 26, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: HEALTHCARE COMMUNITY SECURITIES CRP Service code 15 1 EMPIRE DRIVE · RENSSELAER, NY 12144 | Recordkeeping | $27,248 |
Filed as: BENEFIT PLAN ADMIN SERVICES, INC Service code 15 6 RHOADS DRIVE · UTICA, NY 13502 | Recordkeeping | $25,174 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,313 | $56,540-62.3% | $185,851-88.5% | $86,821-75.5% |
| Participation rate | 62.5% | 65.5%-3.0pp | 81.7%-19.2pp | 72.3%-9.8pp |
| Annual return | 15.11% | 118.20%-103.1pp | 122.11%-107.0pp | 97.94%-82.8pp |
| Employer contribution / active EE | $516 | $1,844-72.0% | $5,168-90.0% | $2,406-78.6% |
| Participant deferral / active EE | $1,070 | $2,555-58.1% | $5,569-80.8% | $4,132-74.1% |
| Admin fee / account holder | $95 | $150-36.5% | $16,245-99.4% | $170-44.0% |