Filed June 30, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $18,041 |
ADP BROKER-DEALER4+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 49 255 EAST BROWN STREET · BIRMINGHAM, MI 48009 | 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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,364 | $75,388-78.3% | $123,553-86.8% | $55,725-70.6% |
| Participation rate | 32.6% | 75.7%-43.0pp | 82.3%-49.7pp | 70.9%-38.2pp |
| Annual return | -4.34% | 4.48%-8.8pp | 119.21%-123.5pp | 244.93%-249.3pp |
| Employer contribution / active EE | $256 | $3,063-91.6% | $4,628-94.5% | $2,078-87.7% |
| Participant deferral / active EE | $2,445 | $5,651-56.7% | $6,426-61.9% | $3,356-27.1% |
| Admin fee / account holder | $40 | $120-66.6% | $9,284-99.6% | $115-65.3% |