Filed April 26, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADVISORNET FINANCIAL1 year Service code 15 · EIN 41-1378662 | Recordkeeping | $14,726 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,324 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $30,845 | $71,802-57.0% | $133,975-77.0% | $57,658-46.5% |
| Participation rate | 71.4% | 85.5%-14.0pp | 87.1%-15.6pp | 70.2%+1.2pp |
| Annual return | 9.33% | 13.51%-4.2pp | 29.29%-20.0pp | 5.13%+4.2pp |
| Employer contribution / active EE | $923 | $3,161-70.8% | $5,211-82.3% | $1,974-53.2% |
| Participant deferral / active EE | $2,020 | $4,606-56.1% | $6,282-67.8% | $3,061-34.0% |
| Admin fee / account holder | $79 | $88-10.4% | $9,324-99.2% | $95-16.9% |