Filed December 5, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $225 |
ADP BROKER-DEALER3+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS WACHOVIA SECUR Service code 49 500 PLUM ST BRIDGEWATER PLACE · SYRACUSE, NY 13204 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $30,281 | $46,173-34.4% | $170,435-82.2% | $69,631-56.5% |
| Participation rate | 12.5% | 63.9%-51.4pp | 83.6%-71.1pp | 70.7%-58.1pp |
| Annual return | 15.39% | 21.62%-6.2pp | 205.94%-190.6pp | 27571.02%-27555.6pp |
| Employer contribution / active EE | $0 | $1,610-100.0% | $5,432-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $527 | $2,080-74.7% | $4,939-89.3% | $3,224-83.6% |
| Admin fee / account holder | $5 | $116-95.4% | $13,881-100.0% | $110-95.1% |