Filed February 3, 2020
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $559 |
ADP BROKER-DEALER4+ 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.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,089 | $26,549-65.8% | $61,452-85.2% | $66,938-86.4% |
| Participation rate | 22.5% | 38.1%-15.6pp | 52.6%-30.1pp | 69.8%-47.3pp |
| Annual return | -13.69% | -16.21%+2.5pp | 338.96%-352.6pp | 1.58%-15.3pp |
| Employer contribution / active EE | $0 | $651-100.0% | $1,160-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $1,288 | $1,338-3.8% | $2,125-39.4% | $4,238-69.6% |
| Admin fee / account holder | $86 | $409-78.9% | $2,131-96.0% | $594-85.5% |