Filed April 8, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $26,901 |
Service code 26 · EIN 95-2755361 | Advisory (Participants) | $1,577 |
Filed as: BENEFIT PLANS, INC. Service code 13 · EIN 47-0617162 | Contract Administrator | $1,490 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,618 | $58,264+34.9% | $86,617-9.2% | $71,495+10.0% |
| Participation rate | 50.7% | 65.0%-14.3pp | 71.7%-21.0pp | 67.9%-17.3pp |
| Annual return | 19.13% | 21.63%-2.5pp | 591.91%-572.8pp | 28.85%-9.7pp |
| Employer contribution / active EE | $1,943 | $2,574-24.5% | $3,023-35.7% | $2,589-25.0% |
| Participant deferral / active EE | $5,224 | $3,436+52.0% | $4,437+17.7% | $4,291+21.7% |
| Admin fee / account holder | $303 | $1,057-71.4% | $5,613-94.6% | $1,588-80.9% |