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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $550 |
ADP BROKER-DEALER2 years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Filed as: RAYMOND JAMES Service code 49 1 MILL RIDGE LANE · CHESTER, NJ 07930 | Other Services | $0 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,601 | $76,371-12.8% | $93,621-28.9% | $72,975-8.7% |
| Participation rate | 62.1% | 71.8%-9.6pp | 75.8%-13.7pp | 69.5%-7.4pp |
| Annual return | 23.57% | 25.82%-2.3pp | 32.76%-9.2pp | 81.01%-57.4pp |
| Employer contribution / active EE | $839 | $2,276-63.2% | $2,719-69.2% | $2,440-65.6% |
| Participant deferral / active EE | $2,377 | $3,538-32.8% | $4,070-41.6% | $3,608-34.1% |
| Admin fee / account holder | $7 | $6,839-99.9% | $7,890-99.9% | $5,124-99.9% |