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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $22,183 |
Filed as: INDEPENDENT FINANCIAL GROUP, LLC Service code 15 · EIN 71-0927304 | Recordkeeping | $11,650 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,950 | $76,696-72.7% | $96,538-78.3% | $71,529-70.7% |
| Participation rate | 61.9% | 66.6%-4.7pp | 74.3%-12.4pp | 67.9%-6.0pp |
| Annual return | 21.17% | 48.32%-27.1pp | 35.74%-14.6pp | 28.97%-7.8pp |
| Employer contribution / active EE | $1,212 | $3,032-60.0% | $3,740-67.6% | $2,590-53.2% |
| Participant deferral / active EE | $3,042 | $3,770-19.3% | $4,880-37.7% | $4,291-29.1% |
| Admin fee / account holder | $204 | $2,030-90.0% | $6,737-97.0% | $1,588-87.2% |