Filed July 13, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $4,896 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $7,806 | $39,859-80.4% | $78,676-90.1% | $57,658-86.5% |
| Participation rate | 26.6% | 66.1%-39.5pp | 73.6%-46.9pp | 70.2%-43.6pp |
| Annual return | 6.66% | 18.96%-12.3pp | 62.19%-55.5pp | 5.13%+1.5pp |
| Employer contribution / active EE | $267 | $1,786-85.0% | $2,850-90.6% | $1,974-86.5% |
| Participant deferral / active EE | $537 | $2,248-76.1% | $3,517-84.7% | $3,061-82.5% |
| Admin fee / account holder | $84 | $76+10.5% | $4,510-98.1% | $95-10.9% |