Filed October 5, 2023
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $41,125 |
Filed as: RAYMOND JAMES Service code 15 · EIN 59-1237041 | Recordkeeping | $28,555 |
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 | $22,128 | $43,999-49.7% | $79,466-72.2% | $55,725-60.3% |
| Participation rate | 56.3% | 66.9%-10.6pp | 73.3%-17.0pp | 70.9%-14.5pp |
| Annual return | -5.63% | 1.81%-7.4pp | 718.28%-723.9pp | 244.93%-250.6pp |
| Employer contribution / active EE | $841 | $1,830-54.1% | $2,800-70.0% | $2,078-59.5% |
| Participant deferral / active EE | $1,876 | $2,538-26.1% | $3,704-49.4% | $3,356-44.1% |
| Admin fee / account holder | $167 | $118+41.8% | $5,104-96.7% | $115+44.7% |