Filed March 18, 2024
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
FOCUS 401K GROUP, LLC2 years Service code 15 · EIN 47-1258840 | Recordkeeping | $9,997 |
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $4,022 |
ADP BROKER-DEALER3+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $5,820 | $43,411-86.6% | $94,993-93.9% | $69,631-91.6% |
| Participation rate | 50.6% | 64.4%-13.9pp | 73.9%-23.3pp | 70.7%-20.1pp |
| Annual return | 19.35% | 22.54%-3.2pp | 27.14%-7.8pp | 27571.02%-27551.7pp |
| Employer contribution / active EE | $259 | $1,202-78.5% | $2,603-90.1% | $2,032-87.3% |
| Participant deferral / active EE | $789 | $2,384-66.9% | $3,317-76.2% | $3,224-75.5% |
| Admin fee / account holder | $17 | $87-80.1% | $4,960-99.7% | $110-84.3% |