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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $2,292 |
CERITY PARTNERS2 years Filed as: CERITY PARTNERS RETIREMENT Service code 26 · EIN 35-2467663 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,481 | $79,209-42.6% | $102,434-55.6% | $74,459-38.9% |
| Participation rate | 93.9% | 74.8%+19.2pp | 76.5%+17.4pp | 67.2%+26.7pp |
| Annual return | 14.28% | 54.98%-40.7pp | 29.46%-15.2pp | 1369.70%-1355.4pp |
| Employer contribution / active EE | $1,478 | $2,362-37.4% | $3,023-51.1% | $2,626-43.7% |
| Participant deferral / active EE | $3,870 | $4,417-12.4% | $5,055-23.4% | $4,350-11.0% |
| Admin fee / account holder | $309 | $2,002-84.6% | $9,462-96.7% | $1,945-84.1% |