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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $55,314 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,196 | $84,493-52.4% | $125,381-67.9% | $66,938-40.0% |
| Participation rate | 81.7% | 76.4%+5.3pp | 82.4%-0.7pp | 69.8%+11.9pp |
| Annual return | -18.35% | -8.49%-9.9pp | 572.31%-590.7pp | 1.58%-19.9pp |
| Employer contribution / active EE | $3,341 | $3,554-6.0% | $4,815-30.6% | $2,545+31.2% |
| Participant deferral / active EE | $5,957 | $6,783-12.2% | $7,448-20.0% | $4,238+40.6% |
| Admin fee / account holder | $350 | $685-48.9% | $10,007-96.5% | $594-41.1% |