Filed June 20, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $4,467 |
ADP BROKER-DEALER6+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,611 | $65,437-76.1% | $86,698-82.0% | $66,949-76.7% |
| Participation rate | 25.5% | 75.5%-49.9pp | 76.6%-51.1pp | 69.8%-44.3pp |
| Annual return | -16.39% | -10.91%-5.5pp | 35.96%-52.4pp | 1.57%-18.0pp |
| Employer contribution / active EE | $0 | $2,154-100.0% | $2,837-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $1,276 | $4,102-68.9% | $4,656-72.6% | $4,239-69.9% |
| Admin fee / account holder | $135 | $642-78.9% | $7,492-98.2% | $594-77.2% |