Filed April 27, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $235 |
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.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $14,972 | $99,957-85.0% | $149,730-90.0% | $73,493-79.6% |
| Participation rate | 25.7% | 75.7%-50.0pp | 82.5%-56.8pp | 70.7%-45.0pp |
| Annual return | 23.45% | 53.87%-30.4pp | 276.70%-253.3pp | 28.51%-5.1pp |
| Employer contribution / active EE | $0 | $3,191-100.0% | $4,645-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $844 | $6,073-86.1% | $6,843-87.7% | $3,740-77.4% |
| Admin fee / account holder | $4 | $551-99.3% | $9,310-100.0% | $513-99.2% |