Filed January 15, 2018
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
BENEFIT PLAN ADMINISTRATORS2+ years Filed as: BENEFIT PLAN ADMINISTRATIVE SERVICE Service code 13 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502 | Contract Administrator | $83,762 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $6,651 | $36,916-82.0% | $156,551-95.8% | $57,658-88.5% |
| Participation rate | 86.6% | 63.4%+23.2pp | 84.0%+2.6pp | 70.2%+16.4pp |
| Annual return | 4.53% | 12.38%-7.9pp | 32.23%-27.7pp | 5.13%-0.6pp |
| Employer contribution / active EE | $544 | $1,571-65.4% | $5,501-90.1% | $1,974-72.4% |
| Participant deferral / active EE | $0 | $1,926-100.0% | $4,871-100.0% | $3,061-100.0% |
| Admin fee / account holder | $58 | $82-29.3% | $13,028-99.6% | $95-38.3% |