Filed April 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600 | Recordkeeping | $12,648 |
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).
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 | $37,799 | $52,884-28.5% | $84,753-55.4% | $55,167-31.5% |
| Participation rate | 60.3% | 67.5%-7.3pp | 76.6%-16.3pp | 69.0%-8.7pp |
| Annual return | 15.80% | 18.03%-2.2pp | 22.78%-7.0pp | 169.23%-153.4pp |
| Employer contribution / active EE | $1,920 | $2,233-14.1% | $3,574-46.3% | $1,963-2.2% |
| Participant deferral / active EE | $3,691 | $2,644+39.6% | $3,712-0.6% | $3,054+20.9% |
| Admin fee / account holder | $116 | $581-80.0% | $5,333-97.8% | $504-77.0% |