Filed November 14, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 52 · EIN 13-5674085 | Indirect Investment Fees | $9,568 |
ADP BROKER-DEALER2 years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $26,412 | $58,093-54.5% | $80,022-67.0% | $56,289-53.1% |
| Participation rate | 22.6% | 73.6%-51.0pp | 75.8%-53.2pp | 69.9%-47.2pp |
| Annual return | -6.16% | 34.63%-40.8pp | 11.22%-17.4pp | -9.96%+3.8pp |
| Employer contribution / active EE | $0 | $1,933-100.0% | $2,468-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $873 | $3,136-72.2% | $3,686-76.3% | $3,350-73.9% |
| Admin fee / account holder | $0 | $623-100.0% | $6,521-100.0% | $521-100.0% |