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| Provider | Service type | Compensation |
|---|---|---|
BENECO SYSTEMS, LLC2 years Service code 15 · EIN 41-2046279 | Recordkeeping | $32,623 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,775 | $81,504-92.9% | $102,437-94.4% | $80,959-92.9% |
| Participation rate | 86.4% | 66.9%+19.5pp | 74.5%+11.9pp | 67.7%+18.7pp |
| Annual return | 1.72% | 25.60%-23.9pp | 24.95%-23.2pp | 35.67%-33.9pp |
| Employer contribution / active EE | $2,060 | $3,104-33.6% | $3,871-46.8% | $2,757-25.3% |
| Participant deferral / active EE | $223 | $3,871-94.2% | $5,060-95.6% | $4,300-94.8% |
| Admin fee / account holder | $777 | $6,719-88.4% | $8,388-90.7% | $6,925-88.8% |