Filed February 19, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NBT BANCORP NA1+ years Service code 21 · EIN 15-0395735 | Bank Trustee | $20,891 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 42-1558009 | Securities Custodian | $3,143 |
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $17,962 | $37,117-51.6% | $147,617-87.8% | $55,191-67.5% |
| Participation rate | 41.3% | 63.6%-22.3pp | 84.6%-43.3pp | 69.2%-27.9pp |
| Annual return | 1.15% | 3.44%-2.3pp | 61.98%-60.8pp | 10.78%-9.6pp |
| Employer contribution / active EE | $573 | $1,620-64.7% | $5,564-89.7% | $1,899-69.8% |
| Participant deferral / active EE | $373 | $1,985-81.2% | $4,895-92.4% | $3,046-87.7% |
| Admin fee / account holder | $83 | $86-3.1% | $11,612-99.3% | $91-8.7% |