Filed June 25, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HAYS COMPANIES1 year Filed as: THE HAYS FINANCIAL GROUP, LLC Service code 15 · EIN 41-1931920 | Recordkeeping | $9,541 |
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $5,167 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,255 | $45,022-43.9% | $85,126-70.3% | $77,714-67.5% |
| Participation rate | 39.2% | 48.7%-9.5pp | 67.5%-28.3pp | 70.6%-31.4pp |
| Annual return | 15.43% | 79.38%-64.0pp | 66.63%-51.2pp | 31.26%-15.8pp |
| Employer contribution / active EE | $1,356 | $1,610-15.8% | $2,731-50.4% | $2,727-50.3% |
| Participant deferral / active EE | $3,572 | $2,811+27.1% | $4,523-21.0% | $4,649-23.2% |
| Admin fee / account holder | $88 | $913-90.4% | $6,160-98.6% | $433-79.7% |