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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 | $2,008 |
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.
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 | $6,726 | $46,732-85.6% | $156,551-95.7% | $55,167-87.8% |
| Participation rate | 35.9% | 65.8%-29.9pp | 84.0%-48.1pp | 69.0%-33.1pp |
| Annual return | 6.63% | 17.72%-11.1pp | 32.23%-25.6pp | 169.23%-162.6pp |
| Employer contribution / active EE | $461 | $2,105-78.1% | $5,501-91.6% | $1,963-76.5% |
| Participant deferral / active EE | $629 | $2,204-71.5% | $4,871-87.1% | $3,054-79.4% |
| Admin fee / account holder | $28 | $418-93.3% | $13,028-99.8% | $504-94.5% |