Filed October 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $16,814 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Filed as: RAYMOND JAMES ASSOCIATES Service code 49 4 FALLS CORPORATE CTR · CONSHOHOCKEN, PA 19428 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,586 | $39,859-38.3% | $78,676-68.7% | $57,658-57.4% |
| Participation rate | 44.2% | 66.1%-21.9pp | 73.6%-29.4pp | 70.2%-26.1pp |
| Annual return | 5.26% | 18.96%-13.7pp | 62.19%-56.9pp | 5.13%+0.1pp |
| Employer contribution / active EE | $679 | $1,786-62.0% | $2,850-76.2% | $1,974-65.6% |
| Participant deferral / active EE | $1,650 | $2,248-26.6% | $3,517-53.1% | $3,061-46.1% |
| Admin fee / account holder | $53 | $76-30.2% | $4,510-98.8% | $95-43.7% |