Filed November 16, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $3,259 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
NFP RETIREMENT INC1 year Filed as: NFP Service code 49 11100 BREN RD WEST · MINNETONKA, MN 55343 | Other Services | $0 |
Annual investment return 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).
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 | $39,652 | $50,898-22.1% | $171,082-76.8% | $55,167-28.1% |
| Participation rate | 72.3% | 63.3%+9.0pp | 76.7%-4.4pp | 69.0%+3.3pp |
| Annual return | 5.86% | 15.34%-9.5pp | 32.56%-26.7pp | 169.23%-163.4pp |
| Employer contribution / active EE | $974 | $1,433-32.0% | $4,002-75.7% | $1,963-50.4% |
| Participant deferral / active EE | $2,402 | $2,994-19.8% | $4,797-49.9% | $3,054-21.3% |
| Admin fee / account holder | $33 | $500-93.5% | $8,520-99.6% | $504-93.5% |