Filed October 31, 2017
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $56,695 |
Employer contribution per participant 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,988 | $104,317-89.5% | $159,436-93.1% | $86,799-87.3% |
| Participation rate | 86.5% | 77.7%+8.8pp | 82.8%+3.7pp | 72.3%+14.2pp |
| Annual return | 21.97% | 26.32%-4.4pp | 263.57%-241.6pp | 97.91%-75.9pp |
| Employer contribution / active EE | $3 | $3,451-99.9% | $4,829-99.9% | $2,405-99.9% |
| Participant deferral / active EE | $5,956 | $6,837-12.9% | $7,352-19.0% | $4,131+44.2% |
| Admin fee / account holder | $104 | $172-39.5% | $10,799-99.0% | $170-38.6% |