Filed July 20, 2016 (most recent of 3 filings on file)
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $978 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $23,791 | $37,196-36.0% | $154,111-84.6% | $55,725-57.3% |
| Participation rate | 67.3% | 64.1%+3.2pp | 83.0%-15.7pp | 70.9%-3.5pp |
| Annual return | -4.60% | 1319.68%-1324.3pp | 735.18%-739.8pp | 244.93%-249.5pp |
| Employer contribution / active EE | $780 | $1,614-51.6% | $5,298-85.3% | $2,078-62.4% |
| Participant deferral / active EE | $1,744 | $2,068-15.7% | $5,081-65.7% | $3,356-48.0% |
| Admin fee / account holder | $163 | $102+60.9% | $13,411-98.8% | $115+41.9% |