Filed August 28, 2019
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $42,374 |
NFP RETIREMENT INC1+ years Filed as: NFP SECURITIES, INC. Service code 15 · EIN 74-2794194 | Recordkeeping | $8,383 |
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 | $7,971 | $41,317-80.7% | $85,969-90.7% | $55,191-85.6% |
| Participation rate | 83.1% | 54.5%+28.7pp | 76.5%+6.6pp | 69.2%+14.0pp |
| Annual return | 0.58% | 3.93%-3.4pp | 9.32%-8.7pp | 10.78%-10.2pp |
| Employer contribution / active EE | $303 | $1,198-74.7% | $3,474-91.3% | $1,899-84.1% |
| Participant deferral / active EE | $1,036 | $1,914-45.9% | $3,829-72.9% | $3,046-66.0% |
| Admin fee / account holder | $69 | $97-29.0% | $6,053-98.9% | $91-24.2% |