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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,072 | $130,294-14.8% | $170,043-34.7% | $71,511+55.3% |
| Participation rate | 97.2% | 86.2%+11.1pp | 87.0%+10.2pp | 67.9%+29.3pp |
| Annual return | 19.83% | 20.36%-0.5pp | 53.40%-33.6pp | 28.86%-9.0pp |
| Employer contribution / active EE | $4,195 | $4,385-4.3% | $6,790-38.2% | $2,589+62.0% |
| Participant deferral / active EE | $4,622 | $6,928-33.3% | $10,410-55.6% | $4,291+7.7% |
| Admin fee / account holder | $498 | $966-48.4% | $12,824-96.1% | $1,588-68.6% |