Filed August 16, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $20,431 |
Service code 15 · EIN 13-5674085 | Recordkeeping | $11,023 |
ADP BROKER-DEALER2 years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $30,729 | $58,888-47.8% | $178,499-82.8% | $73,493-58.2% |
| Participation rate | 38.7% | 66.2%-27.6pp | 81.9%-43.2pp | 70.7%-32.0pp |
| Annual return | 21.54% | 24.86%-3.3pp | 151.10%-129.6pp | 28.51%-7.0pp |
| Employer contribution / active EE | $558 | $2,236-75.1% | $5,011-88.9% | $2,270-75.4% |
| Participant deferral / active EE | $2,403 | $2,568-6.4% | $5,202-53.8% | $3,740-35.7% |
| Admin fee / account holder | $199 | $400-50.3% | $13,986-98.6% | $513-61.2% |