Filed February 7, 2022
Total covered: 16 employees
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP INC Service code 15 · EIN 13-3036745 | Recordkeeping | $157,200 |
Filed as: GREENSPRING ADVISORS LLC Service code 15 · EIN 82-5320133 | Recordkeeping | $71,085 |
RSM US LLP1 year Filed as: MCGLADREY & PULLEN Service code 15 · EIN 42-0714325 | Recordkeeping | $34,700 |
ASCENSUS LLC1 year Filed as: RETIREMENT MANAGEMENT SERVICES LLC Service code 15 · EIN 31-1560462 | Recordkeeping | $19,448 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,762 | $55,331-55.2% | $81,812-69.7% | $199,593-87.6% |
| Participation rate | 63.5% | 62.5%+0.9pp | 72.3%-8.9pp | 72.0%-8.5pp |
| Annual return | 11.12% | 19.59%-8.5pp | 773.79%-762.7pp | 34.25%-23.1pp |
| Employer contribution / active EE | $481 | $2,101-77.1% | $2,912-83.5% | $3,034-84.1% |
| Participant deferral / active EE | $1,084 | $3,283-67.0% | $4,319-74.9% | $5,087-78.7% |
| Admin fee / account holder | $113 | $346-67.2% | $7,386-98.5% | $269-57.8% |