Filed February 7, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMIN.SERVICES, INC. Service code 15 · EIN 16-1503696 6 RHOADS DRIVE, SUITE 7 · UTICA, NY 13502 | Recordkeeping | $22,895 |
Filed as: GREAT WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $50 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $12,065 | $69,305-82.6% | $82,312-85.3% | $69,631-82.7% |
| Participation rate | 91.2% | 80.3%+10.9pp | 76.9%+14.3pp | 70.7%+20.5pp |
| Annual return | 27.28% | 21.47%+5.8pp | 25.88%+1.4pp | 27571.02%-27543.7pp |
| Employer contribution / active EE | $579 | $1,887-69.3% | $2,428-76.2% | $2,032-71.5% |
| Participant deferral / active EE | $2,889 | $3,568-19.0% | $3,706-22.0% | $3,224-10.4% |
| Admin fee / account holder | $86 | $97-11.5% | $5,608-98.5% | $110-22.1% |