Filed December 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,595 |
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 | $5,842 | $155,795-96.3% | $136,298-95.7% | $69,634-91.6% |
| Participation rate | 80.4% | 75.2%+5.1pp | 81.9%-1.5pp | 70.7%+9.7pp |
| Annual return | 53.16% | 232464.33%-232411.2pp | 5156.27%-5103.1pp | 27572.26%-27519.1pp |
| Employer contribution / active EE | $0 | $2,991-100.0% | $4,696-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $2,885 | $5,394-46.5% | $6,247-53.8% | $3,224-10.5% |
| Admin fee / account holder | $4 | $128-97.0% | $9,244-100.0% | $110-96.5% |