Filed December 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $14,213 |
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 | $6,455 | $88,874-92.7% | $123,553-94.8% | $75,289-91.4% |
| Participation rate | 92.8% | 75.9%+17.0pp | 82.3%+10.6pp | 72.4%+20.4pp |
| Annual return | -3.25% | 4.22%-7.5pp | 119.21%-122.5pp | -0.04%-3.2pp |
| Employer contribution / active EE | $0 | $3,256-100.0% | $4,628-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $3,683 | $6,174-40.3% | $6,426-42.7% | $3,739-1.5% |
| Admin fee / account holder | $12 | $95-87.4% | $9,284-99.9% | $102-88.3% |