Filed October 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $27,912 |
Filed as: RAYMOND JAMES Service code 15 · EIN 59-1237041 | Recordkeeping | $12,592 |
ADP BROKER-DEALER3+ 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.
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 | $29,382 | $46,100-36.3% | $86,582-66.1% | $69,631-57.8% |
| Participation rate | 41.8% | 67.2%-25.4pp | 73.5%-31.7pp | 70.7%-28.9pp |
| Annual return | 14.08% | 21.02%-6.9pp | 965.08%-951.0pp | 27571.02%-27556.9pp |
| Employer contribution / active EE | $549 | $1,850-70.3% | $2,839-80.7% | $2,032-73.0% |
| Participant deferral / active EE | $1,610 | $2,432-33.8% | $3,609-55.4% | $3,224-50.1% |
| Admin fee / account holder | $126 | $94+34.5% | $4,904-97.4% | $110+14.3% |