Filed June 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,470 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $16,251 | $155,795-89.6% | $136,298-88.1% | $69,631-76.7% |
| Participation rate | 52.0% | 75.2%-23.3pp | 81.9%-30.0pp | 70.7%-18.7pp |
| Annual return | 53.15% | 232464.33%-232411.2pp | 5156.27%-5103.1pp | 27571.02%-27517.9pp |
| Employer contribution / active EE | $1,625 | $2,991-45.7% | $4,696-65.4% | $2,032-20.0% |
| Participant deferral / active EE | $3,339 | $5,394-38.1% | $6,247-46.5% | $3,224+3.6% |
| Admin fee / account holder | $13 | $128-89.7% | $9,244-99.9% | $110-88.0% |