Filed February 3, 2020
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $738 |
ADP BROKER-DEALER2+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $5,466 | $35,986-84.8% | $77,513-92.9% | $73,493-92.6% |
| Participation rate | 24.8% | 40.8%-16.1pp | 54.2%-29.4pp | 70.7%-45.9pp |
| Annual return | 34.47% | 19.26%+15.2pp | 54.81%-20.3pp | 28.51%+6.0pp |
| Employer contribution / active EE | $0 | $557-100.0% | $987-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $1,014 | $1,198-15.3% | $1,861-45.5% | $3,740-72.9% |
| Admin fee / account holder | $57 | $466-87.8% | $2,859-98.0% | $513-89.0% |