Filed June 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $16,122 |
AMERICAN FUNDS1 year Filed as: THE CAPITAL GROUP Service code 15 · EIN 46-4255096 | Recordkeeping | $11,693 |
ADP BROKER-DEALER3+ 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 | $18,796 | $75,388-75.1% | $123,553-84.8% | $55,725-66.3% |
| Participation rate | 56.1% | 75.7%-19.5pp | 82.3%-26.2pp | 70.9%-14.7pp |
| Annual return | -1.65% | 4.48%-6.1pp | 119.21%-120.9pp | 244.93%-246.6pp |
| Employer contribution / active EE | $1,038 | $3,063-66.1% | $4,628-77.6% | $2,078-50.0% |
| Participant deferral / active EE | $3,647 | $5,651-35.5% | $6,426-43.2% | $3,356+8.7% |
| Admin fee / account holder | $69 | $120-42.5% | $9,284-99.3% | $115-40.2% |