Filed April 26, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADVISORNET FINANCIAL2 years Service code 15 · EIN 41-1378662 | Recordkeeping | $18,333 |
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $5,236 |
ADP BROKER-DEALER3+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
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.
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 | $31,783 | $81,537-61.0% | $149,721-78.8% | $69,631-54.4% |
| Participation rate | 91.9% | 86.1%+5.8pp | 87.1%+4.8pp | 70.7%+21.2pp |
| Annual return | 20.94% | 22.79%-1.8pp | 1501.67%-1480.7pp | 27571.02%-27550.1pp |
| Employer contribution / active EE | $1,118 | $3,239-65.5% | $5,444-79.5% | $2,032-45.0% |
| Participant deferral / active EE | $2,656 | $4,994-46.8% | $6,568-59.6% | $3,224-17.6% |
| Admin fee / account holder | $87 | $107-18.3% | $11,282-99.2% | $110-21.0% |