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| Provider | Service type | Compensation |
|---|---|---|
FLEXIBLE BENEFITS SYSTEMS, INC.3+ years Service code 15 · EIN 34-1722481 | Recordkeeping | $10,511 |
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $600 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $9,247 | $64,909-85.8% | $82,312-88.8% | $62,293-85.2% |
| Participation rate | 86.4% | 74.9%+11.5pp | 76.9%+9.5pp | 69.5%+16.8pp |
| Annual return | 15.26% | 21.18%-5.9pp | 25.88%-10.6pp | 28.90%-13.6pp |
| Employer contribution / active EE | $604 | $1,676-64.0% | $2,428-75.1% | $2,042-70.4% |
| Participant deferral / active EE | $2,160 | $3,103-30.4% | $3,706-41.7% | $3,169-31.8% |
| Admin fee / account holder | $48 | $440-89.2% | $5,608-99.1% | $479-90.1% |