Filed June 30, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER5+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $20,941 |
ADP BROKER-DEALER5+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
WELLS FARGO BANK, N.A.4 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 | $18,633 | $88,122-78.9% | $141,191-86.8% | $67,579-72.4% |
| Participation rate | 45.5% | 76.5%-31.0pp | 82.5%-37.0pp | 71.3%-25.8pp |
| Annual return | 22.67% | 75.40%-52.7pp | 71.41%-48.7pp | 378.56%-355.9pp |
| Employer contribution / active EE | $358 | $3,224-88.9% | $4,736-92.4% | $2,148-83.3% |
| Participant deferral / active EE | $3,391 | $5,958-43.1% | $6,710-49.5% | $3,539-4.2% |
| Admin fee / account holder | $40 | $131-69.2% | $10,264-99.6% | $142-71.6% |