Filed August 10, 2017
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| Provider | Service type | Compensation |
|---|---|---|
BENEFIT PLANS ADMIN SERVICES, INC.10+ years Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696 | Recordkeeping | $18,235 |
Service code 26 216 ROUTE 299 · HIGHLAND, NY 12528 | Advisory (Participants) | $11,778 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,598 | $60,454-34.5% | $81,844-51.6% | $74,459-46.8% |
| Participation rate | 44.8% | 63.0%-18.2pp | 72.4%-27.6pp | 67.2%-22.5pp |
| Annual return | 12.51% | 16.87%-4.4pp | 778.87%-766.4pp | 1369.70%-1357.2pp |
| Employer contribution / active EE | $435 | $2,630-83.4% | $2,916-85.1% | $2,626-83.4% |
| Participant deferral / active EE | $826 | $3,398-75.7% | $4,323-80.9% | $4,350-81.0% |
| Admin fee / account holder | $250 | $1,490-83.2% | $7,355-96.6% | $1,945-87.1% |