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| Provider | Service type | Compensation |
|---|---|---|
NBT BANCORP NA1+ years Filed as: NBT BANK, N.A. Service code 21 · EIN 16-1268674 | Bank Trustee | $21,282 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $6,296 |
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
EPIC RETIREMENT PLAN SERVICES1+ years Service code 15 · EIN 16-1450952 | Recordkeeping | $0 |
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).
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 | $59,908 | $89,054-32.7% | $102,457-41.5% | $77,692-22.9% |
| Participation rate | 63.5% | 80.9%-17.4pp | 76.5%-13.0pp | 70.6%-7.1pp |
| Annual return | 47.56% | 25.02%+22.5pp | 29.41%+18.1pp | 31.25%+16.3pp |
| Employer contribution / active EE | $1,388 | $2,698-48.6% | $3,022-54.1% | $2,726-49.1% |
| Participant deferral / active EE | $3,248 | $5,146-36.9% | $5,054-35.7% | $4,648-30.1% |
| Admin fee / account holder | $69 | $236-70.6% | $9,451-99.3% | $431-83.9% |