Filed April 13, 2018 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HBKS WEALTH ADVISORS5 years Service code 26 6 WEST MAIN ST · FREEDONIA, NY 14063 | Advisory (Participants) | $45,657 |
Filed as: BENEFIT PLAN ADMIN SERVICES Service code 17 · EIN 16-1503696 6 RHOADS DRIVE, STE. 7 · UTICA, NY 13502 | Pension Consulting | $27,252 |
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 | $134,840 | $136,307-1.1% | $177,848-24.2% | $73,497+83.5% |
| Participation rate | 95.6% | 86.1%+9.5pp | 87.7%+7.9pp | 70.7%+24.9pp |
| Annual return | 16.98% | 18.68%-1.7pp | 48.33%-31.3pp | 28.51%-11.5pp |
| Employer contribution / active EE | $4,672 | $3,712+25.9% | $5,919-21.1% | $2,270+105.8% |
| Participant deferral / active EE | $4,404 | $5,829-24.4% | $7,714-42.9% | $3,740+17.8% |
| Admin fee / account holder | $524 | $596-11.9% | $12,431-95.8% | $513+2.2% |