Filed April 13, 2018 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HBKS WEALTH ADVISORS8 years Service code 26 6 WEST MAIN ST · FREEDONIA, NY 14063 | Advisory (Participants) | $40,207 |
Filed as: BENEFIT PLAN ADMIN SERVICES Service code 17 · EIN 16-1503696 6 RHOADS DRIVE, STE. 7 · UTICA, NY 13502 | Pension Consulting | $35,056 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,072 | $130,194-14.7% | $169,993-34.7% | $71,457+55.4% |
| Participation rate | 97.2% | 86.1%+11.1pp | 87.0%+10.2pp | 67.9%+29.3pp |
| Annual return | 19.83% | 20.37%-0.5pp | 53.37%-33.5pp | 28.85%-9.0pp |
| Employer contribution / active EE | $4,195 | $4,381-4.3% | $6,785-38.2% | $2,588+62.1% |
| Participant deferral / active EE | $4,622 | $6,923-33.2% | $10,408-55.6% | $4,289+7.8% |
| Admin fee / account holder | $498 | $966-48.4% | $12,815-96.1% | $1,587-68.6% |