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 | $21,932 |
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.
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 | $21,442 | $69,231-69.0% | $91,994-76.7% | $67,582-68.3% |
| Participation rate | 67.3% | 78.9%-11.6pp | 78.6%-11.3pp | 71.3%-3.9pp |
| Annual return | 23.36% | 32.03%-8.7pp | 69.04%-45.7pp | 378.57%-355.2pp |
| Employer contribution / active EE | $657 | $2,284-71.2% | $3,453-81.0% | $2,148-69.4% |
| Participant deferral / active EE | $988 | $5,854-83.1% | $5,924-83.3% | $3,539-72.1% |
| Admin fee / account holder | $52 | $107-51.6% | $7,744-99.3% | $142-63.5% |