Filed June 25, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
HAYS FINANCIAL GROUP1 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 | $45,031-43.9% | $85,009-70.3% | $77,671-67.5% |
| Participation rate | 39.2% | 48.7%-9.5pp | 67.5%-28.3pp | 70.6%-31.4pp |
| Annual return | 15.43% | 79.22%-63.8pp | 66.47%-51.0pp | 31.21%-15.8pp |
| Employer contribution / active EE | $1,356 | $1,609-15.7% | $2,728-50.3% | $2,726-50.3% |
| Participant deferral / active EE | $3,572 | $2,807+27.2% | $4,522-21.0% | $4,648-23.1% |
| Admin fee / account holder | $88 | $912-90.3% | $6,153-98.6% | $430-79.5% |