Filed September 19, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1+ years Filed as: ADP Service code 15 · EIN 22-1467904 | Recordkeeping | $20,441 |
ADP BROKER-DEALER1+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
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 | $14,152 | $38,969-63.7% | $109,313-87.1% | $55,167-74.3% |
| Participation rate | 71.2% | 58.2%+13.0pp | 71.3%-0.1pp | 69.0%+2.2pp |
| Annual return | 9.73% | 8.26%+1.5pp | 22.07%-12.3pp | 169.23%-159.5pp |
| Employer contribution / active EE | $337 | $1,227-72.5% | $3,892-91.3% | $1,963-82.8% |
| Participant deferral / active EE | $1,446 | $2,176-33.5% | $3,166-54.3% | $3,054-52.6% |
| Admin fee / account holder | $88 | $501-82.5% | $5,666-98.5% | $504-82.6% |