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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $142 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $45,343 | $60,165-24.6% | $74,184-38.9% | $55,167-17.8% |
| Participation rate | 23.2% | 74.2%-50.9pp | 76.6%-53.4pp | 69.0%-45.8pp |
| Annual return | 6.88% | 10.00%-3.1pp | 17.74%-10.9pp | 169.23%-162.3pp |
| Employer contribution / active EE | $654 | $1,600-59.1% | $2,370-72.4% | $1,963-66.7% |
| Participant deferral / active EE | $1,269 | $2,973-57.3% | $3,550-64.2% | $3,054-58.4% |
| Admin fee / account holder | $9 | $419-97.8% | $5,586-99.8% | $504-98.2% |