Filed July 26, 2019
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $5,139 |
ADP BROKER-DEALER1 year Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $7,884 | $31,424-74.9% | $81,473-90.3% | $69,631-88.7% |
| Participation rate | 25.2% | 50.8%-25.6pp | 68.0%-42.8pp | 70.7%-45.5pp |
| Annual return | 19.68% | 22.44%-2.8pp | 38.78%-19.1pp | 27571.02%-27551.3pp |
| Employer contribution / active EE | $0 | $1,029-100.0% | $2,568-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $764 | $1,838-58.4% | $3,537-78.4% | $3,224-76.3% |
| Admin fee / account holder | $17 | $103-83.8% | $4,561-99.6% | $110-84.9% |