Filed July 15, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $59,284 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $49,366 | $52,293-5.6% | $178,499-72.3% | $73,412-32.8% |
| Participation rate | 45.9% | 65.3%-19.4pp | 81.9%-36.0pp | 72.2%-26.2pp |
| Annual return | 20.17% | 34.75%-14.6pp | 151.10%-130.9pp | 59.30%-39.1pp |
| Employer contribution / active EE | $226 | $1,735-87.0% | $5,011-95.5% | $2,234-89.9% |
| Participant deferral / active EE | $2,116 | $2,332-9.3% | $5,202-59.3% | $3,806-44.4% |
| Admin fee / account holder | $98 | $127-23.2% | $13,986-99.3% | $158-38.0% |