Filed April 13, 2018 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HBKS WEALTH ADVISORS1 year Service code 26 6 WEST MAIN ST · FREEDONIA, NY 14063 | Advisory (Participants) | $30,576 |
Filed as: BENEFIT PLAN ADMIN SERVICES Service code 17 · EIN 16-1503696 6 RHOADS DRIVE, STE. 7 · UTICA, NY 13502 | Pension Consulting | $15,532 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $96,760 | $74,089+30.6% | $133,975-27.8% | $55,167+75.4% |
| Participation rate | 91.1% | 84.3%+6.8pp | 87.1%+4.0pp | 69.0%+22.1pp |
| Annual return | 8.72% | 12.11%-3.4pp | 29.29%-20.6pp | 169.23%-160.5pp |
| Employer contribution / active EE | $4,157 | $3,064+35.7% | $5,211-20.2% | $1,963+111.8% |
| Participant deferral / active EE | $4,012 | $4,678-14.2% | $6,282-36.1% | $3,054+31.4% |
| Admin fee / account holder | $391 | $458-14.7% | $9,324-95.8% | $504-22.5% |