Filed August 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 52 · EIN 13-5674085 | Indirect Investment Fees | $46,298 |
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $34,384 |
ADP BROKER-DEALER1+ 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.
Annual investment return is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,880 | $27,330-71.2% | $67,704-88.4% | $55,191-85.7% |
| Participation rate | 61.7% | 47.5%+14.2pp | 67.5%-5.8pp | 69.2%-7.4pp |
| Annual return | -3.11% | 8.81%-11.9pp | 25.41%-28.5pp | 10.78%-13.9pp |
| Employer contribution / active EE | $891 | $855+4.2% | $2,559-65.2% | $1,899-53.1% |
| Participant deferral / active EE | $2,160 | $1,709+26.4% | $3,585-39.8% | $3,046-29.1% |
| Admin fee / account holder | $84 | $109-22.8% | $4,255-98.0% | $91-7.1% |