Filed October 4, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 49 | Other Services | $14,865 |
Filed as: BPAS Service code 49 · EIN 16-1616474 6 RHOADS DR STE 7 · UTICA, NY 13502 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,856 | $50,919+25.4% | $155,556-58.9% | $77,762-17.9% |
| Participation rate | 46.8% | 63.1%-16.3pp | 78.2%-31.5pp | 70.6%-23.8pp |
| Annual return | 13.27% | 34.84%-21.6pp | 64.84%-51.6pp | 31.27%-18.0pp |
| Employer contribution / active EE | $1,510 | $1,991-24.2% | $4,675-67.7% | $2,728-44.6% |
| Participant deferral / active EE | $2,017 | $2,824-28.6% | $5,631-64.2% | $4,651-56.6% |
| Admin fee / account holder | $7 | $437-98.4% | $15,885-100.0% | $433-98.3% |