Filed January 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 135026374 | Recordkeeping | $3,661 |
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.
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 | $24,963 | $56,640-55.9% | $80,977-69.2% | $57,658-56.7% |
| Participation rate | 42.1% | 75.9%-33.8pp | 75.8%-33.7pp | 70.2%-28.2pp |
| Annual return | 8.64% | 19.97%-11.3pp | 17.11%-8.5pp | 5.13%+3.5pp |
| Employer contribution / active EE | $471 | $2,085-77.4% | $3,715-87.3% | $1,974-76.1% |
| Participant deferral / active EE | $863 | $4,944-82.5% | $5,696-84.8% | $3,061-71.8% |
| Admin fee / account holder | $15 | $87-82.9% | $5,517-99.7% | $95-84.3% |