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| Provider | Service type | Compensation |
|---|---|---|
BENECO SYSTEMS, LLC2 years Service code 15 · EIN 41-2046279 | Recordkeeping | $37,528 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $7,113 | $58,726-87.9% | $92,239-92.3% | $62,293-88.6% |
| Participation rate | 63.2% | 68.3%-5.2pp | 76.5%-13.3pp | 69.5%-6.3pp |
| Annual return | 13.47% | 43.62%-30.1pp | 176.29%-162.8pp | 28.90%-15.4pp |
| Employer contribution / active EE | $653 | $2,392-72.7% | $3,680-82.3% | $2,042-68.0% |
| Participant deferral / active EE | $384 | $2,766-86.1% | $3,897-90.2% | $3,169-87.9% |
| Admin fee / account holder | $247 | $556-55.6% | $5,194-95.2% | $479-48.5% |