Filed December 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER4 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $17,870 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,255 | $101,523-88.9% | $141,200-92.0% | $77,775-85.5% |
| Participation rate | 96.5% | 77.4%+19.1pp | 82.5%+14.0pp | 73.2%+23.3pp |
| Annual return | 105.24% | 56.22%+49.0pp | 71.41%+33.8pp | 32.58%+72.7pp |
| Employer contribution / active EE | $1,412 | $3,341-57.7% | $4,736-70.2% | $2,504-43.6% |
| Participant deferral / active EE | $3,911 | $6,434-39.2% | $6,710-41.7% | $3,966-1.4% |
| Admin fee / account holder | $7 | $92-92.0% | $10,265-99.9% | $100-92.7% |