Filed September 19, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $27,048 |
ADP BROKER-DEALER2+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $19,985 | $63,156-68.4% | $122,354-83.7% | $62,293-67.9% |
| Participation rate | 78.2% | 60.0%+18.1pp | 71.6%+6.5pp | 69.5%+8.6pp |
| Annual return | 19.85% | 20.61%-0.8pp | 30.28%-10.4pp | 28.90%-9.0pp |
| Employer contribution / active EE | $314 | $1,385-77.3% | $4,051-92.2% | $2,042-84.6% |
| Participant deferral / active EE | $1,473 | $2,321-36.5% | $3,287-55.2% | $3,169-53.5% |
| Admin fee / account holder | $137 | $440-68.8% | $5,479-97.5% | $479-71.4% |