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 | $30,836 |
HEARTLAND TRUST COMPANY5 years Filed as: HEARTLAND ASSET MGMT AND TRUST Service code 17 606 SOUTH MAIN STREET · PRINCETON, IL 61356 | Pension Consulting | $20,892 |
Employer 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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,044 | $65,435-51.0% | $86,677-63.0% | $66,914-52.1% |
| Participation rate | 84.2% | 75.5%+8.8pp | 76.6%+7.6pp | 69.8%+14.4pp |
| Annual return | -16.91% | -10.89%-6.0pp | 35.91%-52.8pp | 1.58%-18.5pp |
| Employer contribution / active EE | $36 | $2,153-98.3% | $2,836-98.7% | $2,544-98.6% |
| Participant deferral / active EE | $4,588 | $4,100+11.9% | $4,656-1.5% | $4,237+8.3% |
| Admin fee / account holder | $336 | $642-47.6% | $7,493-95.5% | $593-43.4% |