Filed January 15, 2018
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
BENEFIT PLAN ADMINISTRATORS4+ years Filed as: BENEFIT PLAN ADMINISTRATIVE SERVICE Service code 13 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502 | Contract Administrator | $53,174 |
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.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $7,743 | $37,196-79.2% | $154,111-95.0% | $55,725-86.1% |
| Participation rate | 90.9% | 64.1%+26.8pp | 83.0%+7.9pp | 70.9%+20.0pp |
| Annual return | -4.97% | 1319.68%-1324.6pp | 735.18%-740.2pp | 244.93%-249.9pp |
| Employer contribution / active EE | $0 | $1,614-100.0% | $5,298-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $0 | $2,068-100.0% | $5,081-100.0% | $3,356-100.0% |
| Admin fee / account holder | $56 | $102-45.3% | $13,411-99.6% | $115-51.8% |