Filed March 8, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLAN ADMIN SERVICES INC. Service code 15 · EIN 16-1503696 | Recordkeeping | $42,971 |
Service code 21 107 N. PENNSYLVANIA STREET · INDIANAPOLIS, IN 46204 | Bank Trustee | $29,147 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $162,175 | $101,317+60.1% | $146,958+10.4% | $74,495+117.7% |
| Participation rate | 93.3% | 75.5%+17.7pp | 82.2%+11.1pp | 67.2%+26.1pp |
| Annual return | 16.26% | 8730.91%-8714.6pp | 418.34%-402.1pp | 1364.94%-1348.7pp |
| Employer contribution / active EE | $2,126 | $3,810-44.2% | $4,933-56.9% | $2,623-18.9% |
| Participant deferral / active EE | $7,410 | $7,303+1.5% | $8,070-8.2% | $4,346+70.5% |
| Admin fee / account holder | $572 | $1,739-67.1% | $12,998-95.6% | $1,942-70.5% |