Filed April 19, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER5+ years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $30,373 |
ADP BROKER-DEALER5+ 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.
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,512 | $89,178-88.2% | $91,541-88.5% | $102,872-89.8% |
| Participation rate | 19.9% | 79.7%-59.7pp | 69.8%-49.8pp | 73.0%-53.1pp |
| Annual return | 13.33% | 14.52%-1.2pp | 20.50%-7.2pp | 19.06%-5.7pp |
| Employer contribution / active EE | $0 | $3,455-100.0% | $2,505-100.0% | $3,526-100.0% |
| Participant deferral / active EE | $718 | $4,657-84.6% | $4,008-82.1% | $5,535-87.0% |
| Admin fee / account holder | $65 | $134-51.5% | $6,956-99.1% | $292-77.7% |