Filed November 1, 2011
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
NBT BANCORP NA3 years Filed as: NBT BANCORP Service code 21 · EIN 15-0395735 | Bank Trustee | $213,472 |
ASCENT WEALTH PARTNERS, LLC4+ years Service code 28 122 BUSINESS PARK DR. · UTICA, NY 13502 | Investment Management | $41,009 |
Service code 28 · EIN 16-1334685 | Investment Management | $22,581 |
Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $21,205 |
HERBERT FAULKNER REILLY III2 years Service code 27 · EIN 06-7380206 | Advisory (Plan) | $6,163 |
CHARLES SCHWAB & CO., INC.4+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $1,157 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $104,593 | $62,928+66.2% | $172,739-39.5% | $67,579+54.8% |
| Participation rate | 90.7% | 64.5%+26.3pp | 82.6%+8.1pp | 71.3%+19.5pp |
| Annual return | 4.86% | 30.36%-25.5pp | 802.84%-798.0pp | 378.56%-373.7pp |
| Employer contribution / active EE | $5,596 | $1,636+242.0% | $5,143+8.8% | $2,148+160.6% |
| Participant deferral / active EE | $3,316 | $2,145+54.6% | $5,198-36.2% | $3,539-6.3% |
| Admin fee / account holder | $373 | $167+124.1% | $13,954-97.3% | $142+162.4% |