Filed April 13, 2018 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HBKS WEALTH ADVISORS3 years Service code 26 6 WEST MAIN ST · FREEDONIA, NY 14063 | Advisory (Participants) | $39,181 |
Filed as: BENEFIT PLAN ADMIN SERVICES Service code 17 · EIN 16-1503696 6 RHOADS DRIVE, STE. 7 · UTICA, NY 13502 | Pension Consulting | $21,254 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $99,799 | $79,523+25.5% | $140,019-28.7% | $56,289+77.3% |
| Participation rate | 95.5% | 85.7%+9.8pp | 87.5%+8.0pp | 69.9%+25.7pp |
| Annual return | -6.72% | 2.39%-9.1pp | 651.17%-657.9pp | -9.96%+3.2pp |
| Employer contribution / active EE | $4,276 | $3,350+27.7% | $5,605-23.7% | $2,111+102.6% |
| Participant deferral / active EE | $4,058 | $5,129-20.9% | $6,927-41.4% | $3,350+21.1% |
| Admin fee / account holder | $472 | $614-23.1% | $10,705-95.6% | $521-9.4% |