Filed December 16, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $30,996 |
ADP BROKER-DEALER1 year Filed as: ADP STRATEGIC PLAN SERVICES Service code 28 · EIN 81-4734347 | Investment Management | $7,185 |
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 | $38,216 | $88,360-56.7% | $145,433-73.7% | $67,986-43.8% |
| Participation rate | 89.4% | 65.5%+23.9pp | 82.1%+7.3pp | 57.2%+32.2pp |
| Annual return | 23.68% | 63.15%-39.5pp | 66.58%-42.9pp | 31.67%-8.0pp |
| Employer contribution / active EE | $501 | $3,054-83.6% | $4,554-89.0% | $2,019-75.2% |
| Participant deferral / active EE | $6,134 | $5,932+3.4% | $7,897-22.3% | $3,358+82.7% |
| Admin fee / account holder | $186 | $3,313-94.4% | $13,129-98.6% | $3,203-94.2% |