Filed March 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, ET9 · BUFFALO, NY 142010600 | Recordkeeping | $4,232 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $12,536 | $75,760-83.5% | $123,105-89.8% | $59,188-78.8% |
| Participation rate | 98.0% | 86.0%+11.9pp | 86.8%+11.2pp | 69.4%+28.5pp |
| Annual return | 7.98% | 2.93%+5.1pp | 13.22%-5.2pp | 5.51%+2.5pp |
| Employer contribution / active EE | $2,788 | $3,415-18.4% | $5,151-45.9% | $2,098+32.9% |
| Participant deferral / active EE | $3,589 | $5,000-28.2% | $6,229-42.4% | $3,265+9.9% |
| Admin fee / account holder | $3 | $61-95.3% | $9,014-100.0% | $92-96.9% |