Filed March 19, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 01-0233346 | Recordkeeping | $6,304 |
APPLIED PLAN ADMINISTRATORS LLC1+ years Filed as: APPLIED PLAN ADMINISTRATORS, LLC Service code 15 · EIN 46-5761416 | Recordkeeping | $1,825 |
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.
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).
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 | $8,084 | $70,002-88.5% | $115,038-93.0% | $52,331-84.6% |
| Participation rate | 67.4% | 72.1%-4.7pp | 81.4%-14.0pp | 68.1%-0.7pp |
| Annual return | 40.12% | 4.04%+36.1pp | 26.14%+14.0pp | 4.54%+35.6pp |
| Employer contribution / active EE | $64 | $2,715-97.6% | $4,608-98.6% | $1,882-96.6% |
| Participant deferral / active EE | $4,563 | $4,920-7.2% | $6,026-24.3% | $3,022+51.0% |
| Admin fee / account holder | $33 | $566-94.2% | $8,175-99.6% | $592-94.5% |