Filed April 11, 2019
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $35,629 |
ADP BROKER-DEALER6+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
MORGAN STANLEY SMITH BARNEY6+ years Service code 49 70 W MADISON · CHICAGO, IL 60602 | 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).
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 | $5,190 | $52,293-90.1% | $178,503-97.1% | $73,412-92.9% |
| Participation rate | 68.3% | 65.3%+2.9pp | 81.9%-13.7pp | 72.2%-3.9pp |
| Annual return | 15.26% | 34.75%-19.5pp | 151.12%-135.9pp | 59.30%-44.0pp |
| Employer contribution / active EE | $322 | $1,736-81.4% | $5,011-93.6% | $2,234-85.6% |
| Participant deferral / active EE | $563 | $2,333-75.9% | $5,202-89.2% | $3,806-85.2% |
| Admin fee / account holder | $39 | $127-69.6% | $13,987-99.7% | $158-75.5% |