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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS Service code 15 · EIN 16-1503696 6 RHOADS DR. · UTICA, NY 13502 | Recordkeeping | $43,862 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,726 | $50,919-37.7% | $155,556-79.6% | $77,762-59.2% |
| Participation rate | 56.6% | 63.1%-6.5pp | 78.2%-21.6pp | 70.6%-14.0pp |
| Annual return | 23.64% | 34.84%-11.2pp | 64.84%-41.2pp | 31.27%-7.6pp |
| Employer contribution / active EE | $1,259 | $1,991-36.8% | $4,675-73.1% | $2,728-53.9% |
| Participant deferral / active EE | $2,576 | $2,824-8.8% | $5,631-54.3% | $4,651-44.6% |
| Admin fee / account holder | $68 | $437-84.4% | $15,885-99.6% | $433-84.2% |