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| Provider | Service type | Compensation |
|---|---|---|
BENECO SYSTEMS, LLC1 year Service code 15 · EIN 41-2046279 | Recordkeeping | $30,532 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $17,728 | $57,352-69.1% | $83,830-78.9% | $64,173-72.4% |
| Participation rate | 51.1% | 68.6%-17.5pp | 76.1%-25.1pp | 69.6%-18.5pp |
| Annual return | 10.02% | 11.38%-1.4pp | 850.97%-841.0pp | 7.63%+2.4pp |
| Employer contribution / active EE | $3,518 | $2,546+38.2% | $3,631-3.1% | $2,381+47.8% |
| Participant deferral / active EE | $543 | $2,993-81.9% | $4,082-86.7% | $3,470-84.3% |
| Admin fee / account holder | $252 | $4,046-93.8% | $5,479-95.4% | $4,887-94.8% |