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 | $43,268 |
METLIFE LIFE INSURANCE COMPANY2+ years Filed as: BRIGHTHOUSE FINANCIAL Service code 19 · EIN 81-3846992 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277 | Securities Custodian | $3,980 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $11,182 | $47,456-76.4% | $172,752-93.5% | $77,775-85.6% |
| Participation rate | 58.6% | 66.3%-7.7pp | 82.6%-24.1pp | 73.2%-14.7pp |
| Annual return | 17.57% | 35.57%-18.0pp | 802.97%-785.4pp | 32.58%-15.0pp |
| Employer contribution / active EE | $583 | $1,574-63.0% | $5,144-88.7% | $2,504-76.7% |
| Participant deferral / active EE | $763 | $2,560-70.2% | $5,198-85.3% | $3,966-80.8% |
| Admin fee / account holder | $40 | $81-50.5% | $13,955-99.7% | $100-60.0% |