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, N.A. Service code 21 · EIN 16-1268674 | Bank Trustee | $301,408 |
MAKROD INVESTMENT ASSOCIATES6 years Service code 27 · EIN 22-2034385 | Advisory (Plan) | $48,738 |
STRATEGIC FINANCIAL SERVICES7 years Service code 27 · EIN 16-1334685 | Advisory (Plan) | $31,181 |
ASCENT WEALTH PARTNERS, LLC10+ years Service code 28 122 BUSINESS PARK DR. · UTICA, NY 13502 | Investment Management | $28,479 |
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $21,216 |
BIRCH WEALTH INC1 year Service code 27 · EIN 84-1817033 | Advisory (Plan) | $10,869 |
HFR WEALTH MANAGEMENT LLC4 years Service code 27 · EIN 86-3584492 | Advisory (Plan) | $10,782 |
CHARLES SCHWAB & CO., INC.10+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $63 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $149,998 | $50,982+194.2% | $154,803-3.1% | $85,563+75.3% |
| Participation rate | 91.5% | 59.8%+31.7pp | 78.1%+13.5pp | 66.0%+25.6pp |
| Annual return | 6.61% | 30.35%-23.7pp | 58.88%-52.3pp | 31.51%-24.9pp |
| Employer contribution / active EE | $5,466 | $1,708+220.0% | $4,305+27.0% | $2,654+106.0% |
| Participant deferral / active EE | $4,151 | $2,474+67.8% | $5,540-25.1% | $4,375-5.1% |
| Admin fee / account holder | $567 | $846-32.9% | $14,329-96.0% | $834-32.0% |