Filed April 13, 2018 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HBKS WEALTH ADVISORS7 years Service code 26 6 WEST MAIN ST · FREEDONIA, NY 14063 | Advisory (Participants) | $43,316 |
Filed as: BENEFIT PLAN ADMIN SERVICES Service code 17 · EIN 16-1503696 6 RHOADS DRIVE, STE. 7 · UTICA, NY 13502 | Pension Consulting | $35,589 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $105,655 | $102,661+2.9% | $151,639-30.3% | $66,938+57.8% |
| Participation rate | 94.3% | 85.5%+8.8pp | 87.5%+6.8pp | 69.8%+24.5pp |
| Annual return | -20.78% | -10.81%-10.0pp | 3.34%-24.1pp | 1.58%-22.4pp |
| Employer contribution / active EE | $5,104 | $4,184+22.0% | $6,165-17.2% | $2,545+100.5% |
| Participant deferral / active EE | $4,701 | $6,645-29.3% | $8,363-43.8% | $4,238+10.9% |
| Admin fee / account holder | $548 | $630-13.1% | $11,613-95.3% | $594-7.7% |