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| Provider | Service type | Compensation |
|---|---|---|
NBT BANCORP NA2 years Filed as: NBT BANK NA Service code 21 · EIN 16-1268674 | Bank Trustee | $25,235 |
Filed as: TEAL BECKER & CHIARAMONTE CPAS, PC Service code 10 · EIN 14-1624930 | Accounting | $15,500 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,968 | $83,369-42.5% | $105,223-54.4% | $67,986-29.4% |
| Participation rate | 100.0% | 56.3%+43.7pp | 75.0%+25.0pp | 57.2%+42.8pp |
| Annual return | 15.58% | 24.64%-9.1pp | 180.65%-165.1pp | 31.67%-16.1pp |
| Employer contribution / active EE | $6,196 | $2,541+143.9% | $3,689+68.0% | $2,019+206.9% |
| Participant deferral / active EE | $5,390 | $3,295+63.6% | $5,072+6.3% | $3,358+60.5% |
| Admin fee / account holder | $304 | $4,073-92.5% | $8,859-96.6% | $3,203-90.5% |