Filed August 13, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 52 · EIN 13-5674085 | Indirect Investment Fees | $55,152 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $43,928 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,323 | $30,599-72.8% | $74,577-88.8% | $57,658-85.6% |
| Participation rate | 64.8% | 49.1%+15.7pp | 68.1%-3.3pp | 70.2%-5.4pp |
| Annual return | 9.63% | 14.24%-4.6pp | 20.47%-10.8pp | 5.13%+4.5pp |
| Employer contribution / active EE | $835 | $1,000-16.5% | $2,525-66.9% | $1,974-57.7% |
| Participant deferral / active EE | $1,950 | $1,805+8.0% | $3,458-43.6% | $3,061-36.3% |
| Admin fee / account holder | $83 | $98-14.9% | $4,138-98.0% | $95-11.8% |