Filed March 10, 2015
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
GLENS FALLS NATIONAL BANK AND TRUST10+ years Service code 15 · EIN 14-0696635 | Recordkeeping | $37,115 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,436 | $50,820-24.4% | $155,567-75.3% | $77,671-50.5% |
| Participation rate | 41.9% | 63.1%-21.2pp | 78.2%-36.3pp | 70.6%-28.7pp |
| Annual return | 18.45% | 34.85%-16.4pp | 64.74%-46.3pp | 31.21%-12.8pp |
| Employer contribution / active EE | $579 | $1,993-70.9% | $4,674-87.6% | $2,726-78.8% |
| Participant deferral / active EE | $1,219 | $2,823-56.8% | $5,628-78.3% | $4,648-73.8% |
| Admin fee / account holder | $250 | $436-42.7% | $15,916-98.4% | $430-42.0% |