Filed July 21, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $75,297 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,603 | $72,066-45.0% | $81,716-51.5% | $90,274-56.1% |
| Participation rate | 37.0% | 78.9%-41.9pp | 72.0%-35.0pp | 73.4%-36.3pp |
| Annual return | 14.79% | 15.92%-1.1pp | 29.49%-14.7pp | 53.97%-39.2pp |
| Employer contribution / active EE | $866 | $2,335-62.9% | $4,310-79.9% | $2,523-65.7% |
| Participant deferral / active EE | $1,568 | $3,557-55.9% | $7,108-77.9% | $4,231-62.9% |
| Admin fee / account holder | $42 | $92-54.8% | $5,159-99.2% | $114-63.4% |