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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $44,265 |
Filed as: BENEFIT PLANS PLUS, LLC Service code 15 · EIN 43-1829594 | Recordkeeping | $3,100 |
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).
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 | $28,168 | $51,288-45.1% | $81,982-65.6% | $73,412-61.6% |
| Participation rate | 39.3% | 64.0%-24.7pp | 69.3%-30.0pp | 72.2%-32.9pp |
| Annual return | 18.70% | 29.48%-10.8pp | 41.31%-22.6pp | 59.30%-40.6pp |
| Employer contribution / active EE | $1,137 | $1,487-23.5% | $2,498-54.5% | $2,234-49.1% |
| Participant deferral / active EE | $2,249 | $2,715-17.2% | $3,722-39.6% | $3,806-40.9% |
| Admin fee / account holder | $225 | $125+79.9% | $5,665-96.0% | $158+42.7% |