Filed October 4, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $36,269 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 15 · EIN 93-0987232 | Recordkeeping | $11,758 |
ADP BROKER-DEALER2 years Filed as: ADP BROKER DEALER Service code 59 | Shareholder Servicing | $0 |
ADP BROKER-DEALER3 years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,261 | $77,962-61.2% | $178,540-83.1% | $80,935-62.6% |
| Participation rate | 85.7% | 65.7%+20.0pp | 77.1%+8.6pp | 67.7%+18.1pp |
| Annual return | 13.81% | 18.10%-4.3pp | 27.15%-13.3pp | 35.66%-21.8pp |
| Employer contribution / active EE | $3,605 | $2,280+58.1% | $3,953-8.8% | $2,757+30.8% |
| Participant deferral / active EE | $6,469 | $4,404+46.9% | $6,281+3.0% | $4,299+50.5% |
| Admin fee / account holder | $306 | $7,156-95.7% | $10,424-97.1% | $6,924-95.6% |