Filed December 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $1,241 |
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 | $4,007 | $80,177-95.0% | $123,894-96.8% | $57,661-93.1% |
| Participation rate | 82.3% | 74.4%+7.9pp | 81.4%+0.9pp | 70.2%+12.1pp |
| Annual return | 35.40% | 17.90%+17.5pp | 47.52%-12.1pp | 5.13%+30.3pp |
| Employer contribution / active EE | $0 | $2,913-100.0% | $4,617-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $2,707 | $5,130-47.2% | $5,984-54.8% | $3,061-11.6% |
| Admin fee / account holder | $4 | $106-96.5% | $8,357-100.0% | $95-96.1% |