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| Provider | Service type | Compensation |
|---|---|---|
NBT BANCORP NA2 years Filed as: NBT BANK, N.A. Service code 21 · EIN 16-1268674 | Bank Trustee | $17,690 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,950 | $51,226-66.9% | $82,744-79.5% | $66,938-74.7% |
| Participation rate | 50.0% | 67.9%-17.9pp | 72.6%-22.6pp | 69.8%-19.8pp |
| Annual return | 2.73% | -9.61%+12.3pp | 702.22%-699.5pp | 1.58%+1.2pp |
| Employer contribution / active EE | $184 | $2,612-93.0% | $3,008-93.9% | $2,545-92.8% |
| Participant deferral / active EE | $1,037 | $3,460-70.0% | $4,395-76.4% | $4,238-75.5% |
| Admin fee / account holder | $203 | $416-51.1% | $5,325-96.2% | $594-65.7% |