Filed December 12, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $355 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $6,702 | $53,128-87.4% | $86,582-92.3% | $70,126-90.4% |
| Participation rate | 73.7% | 65.3%+8.4pp | 73.5%+0.1pp | 69.5%+4.1pp |
| Annual return | 20.45% | 27.66%-7.2pp | 965.08%-944.6pp | 73.15%-52.7pp |
| Employer contribution / active EE | $420 | $2,068-79.7% | $2,839-85.2% | $2,343-82.1% |
| Participant deferral / active EE | $1,662 | $2,695-38.3% | $3,609-53.9% | $3,332-50.1% |
| Admin fee / account holder | $3 | $3,584-99.9% | $4,904-99.9% | $4,645-99.9% |