Filed November 12, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $936 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $50,150 | $57,096-12.2% | $94,229-46.8% | $55,191-9.1% |
| Participation rate | 68.3% | 75.7%-7.3pp | 78.8%-10.5pp | 69.2%-0.8pp |
| Annual return | 0.18% | 159.65%-159.5pp | 10.68%-10.5pp | 10.78%-10.6pp |
| Employer contribution / active EE | $615 | $1,708-64.0% | $3,587-82.9% | $1,899-67.6% |
| Participant deferral / active EE | $2,916 | $3,165-7.9% | $4,320-32.5% | $3,046-4.3% |
| Admin fee / account holder | $44 | $89-50.2% | $6,269-99.3% | $91-51.0% |