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| Provider | Service type | Compensation |
|---|---|---|
BENECO SYSTEMS, LLC1 year Service code 15 · EIN 41-2046279 | Recordkeeping | $28,079 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $21,896 | $58,726-62.7% | $92,240-76.3% | $62,293-64.9% |
| Participation rate | 66.7% | 68.3%-1.7pp | 76.5%-9.8pp | 69.5%-2.8pp |
| Annual return | 18.41% | 43.62%-25.2pp | 176.29%-157.9pp | 28.90%-10.5pp |
| Employer contribution / active EE | $1,939 | $2,392-18.9% | $3,680-47.3% | $2,042-5.0% |
| Participant deferral / active EE | $1,165 | $2,766-57.9% | $3,897-70.1% | $3,169-63.2% |
| Admin fee / account holder | $312 | $556-43.9% | $5,194-94.0% | $479-34.9% |