Filed October 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $2,828 |
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.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,943 | $90,064-96.7% | $100,392-97.1% | $77,736-96.2% |
| Participation rate | 3.1% | 81.3%-78.2pp | 81.5%-78.4pp | 70.6%-67.5pp |
| Annual return | 12.17% | 20.61%-8.4pp | 49.45%-37.3pp | 31.26%-19.1pp |
| Employer contribution / active EE | $0 | $3,043-100.0% | $3,941-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $0 | $8,282-100.0% | $8,090-100.0% | $4,651-100.0% |
| Admin fee / account holder | $20 | $172-88.6% | $7,904-99.8% | $433-95.5% |