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| Provider | Service type | Compensation |
|---|---|---|
Filed as: ADIRONDACK FINANCIAL SERVICES Service code 26 185 GENESEE STREET, SUITE 210 · UTICA, NY 13501 | Advisory (Participants) | $15,774 |
Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS Service code 15 · EIN 16-1503696 | Recordkeeping | $3,913 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $12,708 | $62,928-79.8% | $172,752-92.6% | $67,579-81.2% |
| Participation rate | 32.8% | 64.5%-31.7pp | 82.6%-49.9pp | 71.3%-38.5pp |
| Annual return | 493.20% | 30.36%+462.8pp | 802.97%-309.8pp | 378.56%+114.6pp |
| Employer contribution / active EE | $365 | $1,636-77.7% | $5,144-92.9% | $2,148-83.0% |
| Participant deferral / active EE | $708 | $2,145-67.0% | $5,198-86.4% | $3,539-80.0% |
| Admin fee / account holder | $77 | $167-53.7% | $13,955-99.4% | $142-45.7% |