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 | $1,891 |
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 | $77,799 | $100,801-22.8% | $149,745-48.0% | $73,412+6.0% |
| Participation rate | 53.1% | 77.7%-24.5pp | 82.5%-29.3pp | 72.2%-19.0pp |
| Annual return | 16.35% | 265.34%-249.0pp | 276.72%-260.4pp | 59.30%-42.9pp |
| Employer contribution / active EE | $416 | $3,312-87.4% | $4,646-91.0% | $2,234-81.4% |
| Participant deferral / active EE | $4,719 | $6,404-26.3% | $6,843-31.0% | $3,806+24.0% |
| Admin fee / account holder | $92 | $181-49.1% | $9,312-99.0% | $158-41.7% |