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| Provider | Service type | Compensation |
|---|---|---|
BENEFIT PLANS ADMIN SERVICES, INC.10+ years Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 135026374 | Recordkeeping | $15,167 |
Service code 64 1 EMPIRE DRIVE · RENESSELAER, NY 12144 | Recordkeeping Fees | $9,405 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,700 | $50,902-53.4% | $155,534-84.8% | $77,736-69.5% |
| Participation rate | 47.5% | 63.1%-15.6pp | 78.2%-30.8pp | 70.6%-23.1pp |
| Annual return | 12.01% | 34.85%-22.8pp | 64.92%-52.9pp | 31.26%-19.3pp |
| Employer contribution / active EE | $985 | $1,991-50.6% | $4,675-78.9% | $2,728-63.9% |
| Participant deferral / active EE | $1,545 | $2,824-45.3% | $5,630-72.6% | $4,651-66.8% |
| Admin fee / account holder | $138 | $437-68.4% | $15,900-99.1% | $433-68.1% |