Filed January 15, 2018
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN SERVICES LLC Service code 13 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502 | Contract Administrator | $39,435 |
METLIFE LIFE INSURANCE COMPANY1+ years Filed as: BRIGHTHOUSE FINANCIAL Service code 19 · EIN 81-3846992 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277 | Securities Custodian | $2,739 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $12,009 | $45,382-73.5% | $154,111-92.2% | $75,289-84.0% |
| Participation rate | 46.4% | 65.9%-19.5pp | 83.0%-36.6pp | 72.4%-26.0pp |
| Annual return | -4.45% | -0.47%-4.0pp | 735.18%-739.6pp | -0.04%-4.4pp |
| Employer contribution / active EE | $349 | $1,533-77.2% | $5,298-93.4% | $2,405-85.5% |
| Participant deferral / active EE | $489 | $2,384-79.5% | $5,081-90.4% | $3,739-86.9% |
| Admin fee / account holder | $49 | $89-45.6% | $13,411-99.6% | $102-52.5% |