Filed April 13, 2018 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HBKS WEALTH ADVISORS4 years Service code 26 6 WEST MAIN ST · FREEDONIA, NY 14063 | Advisory (Participants) | $42,133 |
Filed as: BENEFIT PLAN ADMIN SERVICES Service code 17 · EIN 16-1503696 6 RHOADS DRIVE, STE. 7 · UTICA, NY 13502 | Pension Consulting | $23,814 |
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 | $123,781 | $98,982+25.1% | $162,177-23.7% | $65,185+89.9% |
| Participation rate | 96.2% | 85.8%+10.4pp | 87.6%+8.6pp | 70.2%+26.0pp |
| Annual return | 22.19% | 24.84%-2.7pp | 115.60%-93.4pp | 29.38%-7.2pp |
| Employer contribution / active EE | $5,058 | $3,467+45.9% | $5,613-9.9% | $2,177+132.4% |
| Participant deferral / active EE | $4,679 | $5,384-13.1% | $7,297-35.9% | $3,514+33.1% |
| Admin fee / account holder | $515 | $596-13.6% | $10,843-95.2% | $847-39.2% |