Filed July 26, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $1,350 |
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.
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 | $70,776 | $155,795-54.6% | $136,298-48.1% | $69,631+1.6% |
| Participation rate | 48.4% | 75.2%-26.9pp | 81.9%-33.5pp | 70.7%-22.3pp |
| Annual return | 17.70% | 232464.33%-232446.6pp | 5156.27%-5138.6pp | 27571.02%-27553.3pp |
| Employer contribution / active EE | $501 | $2,991-83.3% | $4,696-89.3% | $2,032-75.4% |
| Participant deferral / active EE | $3,947 | $5,394-26.8% | $6,247-36.8% | $3,224+22.4% |
| Admin fee / account holder | $17 | $128-86.6% | $9,244-99.8% | $110-84.5% |