Filed November 20, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P O BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $1,042 |
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 | $10,502 | $37,044-71.7% | $71,796-85.4% | $57,658-81.8% |
| Participation rate | 95.3% | 61.1%+34.2pp | 69.1%+26.2pp | 70.2%+25.1pp |
| Annual return | 7.97% | 12.64%-4.7pp | 78.04%-70.1pp | 5.13%+2.8pp |
| Employer contribution / active EE | $0 | $720-100.0% | $1,924-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $934 | $1,974-52.7% | $2,794-66.6% | $3,061-69.5% |
| Admin fee / account holder | $57 | $101-43.1% | $4,815-98.8% | $95-39.3% |