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| Provider | Service type | Compensation |
|---|---|---|
BENECO SYSTEMS, LLC4 years Service code 15 · EIN 41-2046279 | Recordkeeping | $41,674 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,885 | $89,652-71.1% | $141,197-81.7% | $65,186-60.3% |
| Participation rate | 33.0% | 74.7%-41.7pp | 82.5%-49.5pp | 70.2%-37.2pp |
| Annual return | 24.86% | 32.79%-7.9pp | 71.41%-46.5pp | 29.39%-4.5pp |
| Employer contribution / active EE | $4,752 | $3,065+55.1% | $4,736+0.3% | $2,177+118.3% |
| Participant deferral / active EE | $367 | $5,691-93.6% | $6,710-94.5% | $3,514-89.6% |
| Admin fee / account holder | $425 | $569-25.2% | $10,265-95.9% | $847-49.8% |