Filed December 16, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $27,433 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,848 | $106,247-74.7% | $147,096-81.7% | $77,714-65.5% |
| Participation rate | 92.0% | 78.4%+13.6pp | 82.2%+9.9pp | 70.6%+21.5pp |
| Annual return | 52.69% | 56.87%-4.2pp | 419.75%-367.1pp | 31.26%+21.4pp |
| Employer contribution / active EE | $1,751 | $4,069-57.0% | $4,936-64.5% | $2,727-35.8% |
| Participant deferral / active EE | $6,285 | $7,996-21.4% | $8,071-22.1% | $4,649+35.2% |
| Admin fee / account holder | $107 | $338-68.3% | $13,005-99.2% | $433-75.3% |