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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLAN ADMIN SERIVES, INV. Service code 14 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502 | Plan Administrator | $15,594 |
CARMICHAEL HILL3+ years Service code 26 18 EAST DIAMOND AVE · GAITHERSBURG, MD 20877 | Advisory (Participants) | $15,509 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $71,300 | $51,466+38.5% | $78,778-9.5% | $62,293+14.5% |
| Participation rate | 47.2% | 59.8%-12.6pp | 69.2%-22.0pp | 69.5%-22.3pp |
| Annual return | 12.04% | 19.96%-7.9pp | 35.62%-23.6pp | 28.90%-16.9pp |
| Employer contribution / active EE | $176 | $827-78.7% | $1,986-91.1% | $2,042-91.4% |
| Participant deferral / active EE | $1,760 | $2,147-18.1% | $2,958-40.5% | $3,169-44.5% |
| Admin fee / account holder | $338 | $489-30.9% | $5,134-93.4% | $479-29.5% |