Filed December 12, 2024 (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 | $4,366 |
ADP BROKER-DEALER1 year Service code 49 · EIN 22-3319984 | Other Services | $0 |
Filed as: GREGORY J. SCHWARTZ & CO Service code 49 3707 W MAPLE ROAD · BLOOMFIELD HILLS, MI 48301 | Other Services | $0 |
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.
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 | $21,976 | $42,548-48.4% | $74,549-70.5% | $56,287-61.0% |
| Participation rate | 32.5% | 60.5%-28.0pp | 69.1%-36.6pp | 69.9%-37.4pp |
| Annual return | 67.30% | 12.40%+54.9pp | 32.53%+34.8pp | -9.96%+77.3pp |
| Employer contribution / active EE | $202 | $855-76.4% | $1,961-89.7% | $2,111-90.4% |
| Participant deferral / active EE | $1,464 | $2,277-35.7% | $3,108-52.9% | $3,350-56.3% |
| Admin fee / account holder | $99 | $467-78.8% | $5,059-98.0% | $521-80.9% |