Filed March 21, 2024
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $3,944 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,154 | $47,126-82.7% | $149,673-94.6% | $74,419-89.0% |
| Participation rate | 93.2% | 63.4%+29.8pp | 78.8%+14.4pp | 70.7%+22.4pp |
| Annual return | 25.11% | 22.75%+2.4pp | 134.42%-109.3pp | 34.38%-9.3pp |
| Employer contribution / active EE | $980 | $1,905-48.6% | $4,818-79.7% | $2,637-62.8% |
| Participant deferral / active EE | $2,059 | $2,728-24.5% | $5,680-63.8% | $4,528-54.5% |
| Admin fee / account holder | $8 | $343-97.6% | $13,210-99.9% | $348-97.7% |