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| Provider | Service type | Compensation |
|---|---|---|
BENECO SYSTEMS, LLC1 year Service code 15 · EIN 41-2046279 | Recordkeeping | $66,467 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $53,872 | $52,884+1.9% | $84,753-36.4% | $55,167-2.3% |
| Participation rate | 94.6% | 67.5%+27.1pp | 76.6%+18.0pp | 69.0%+25.6pp |
| Annual return | 0.37% | 18.03%-17.7pp | 22.78%-22.4pp | 169.23%-168.9pp |
| Employer contribution / active EE | $5,928 | $2,233+165.4% | $3,574+65.9% | $1,963+202.1% |
| Participant deferral / active EE | $2,316 | $2,644-12.4% | $3,712-37.6% | $3,054-24.2% |
| Admin fee / account holder | $426 | $581-26.6% | $5,333-92.0% | $504-15.4% |