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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLAN ADMIN SERVICES, INC. Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 135026374 | Recordkeeping | $36,416 |
CARUSO AND MCLEAN & CO3+ years Service code 26 110 LOMOND COURT · UTICA, NY 13502 | Advisory (Participants) | $32,729 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,486 | $50,919-20.5% | $155,556-74.0% | $77,762-47.9% |
| Participation rate | 30.4% | 63.1%-32.7pp | 78.2%-47.8pp | 70.6%-40.2pp |
| Annual return | 13.16% | 34.84%-21.7pp | 64.84%-51.7pp | 31.27%-18.1pp |
| Employer contribution / active EE | $245 | $1,991-87.7% | $4,675-94.8% | $2,728-91.0% |
| Participant deferral / active EE | $894 | $2,824-68.3% | $5,631-84.1% | $4,651-80.8% |
| Admin fee / account holder | $250 | $437-42.8% | $15,885-98.4% | $433-42.3% |