Filed March 18, 2024
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| Provider | Service type | Compensation |
|---|---|---|
FOCUS 401K GROUP, LLC5 years Service code 15 · EIN 47-1258840 | Recordkeeping | $10,002 |
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $6,875 |
ADP BROKER-DEALER6+ 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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,760 | $48,406-61.2% | $104,625-82.1% | $90,274-79.2% |
| Participation rate | 40.0% | 64.3%-24.3pp | 74.1%-34.1pp | 73.4%-33.4pp |
| Annual return | 24.60% | 18.72%+5.9pp | 340.60%-316.0pp | 53.97%-29.4pp |
| Employer contribution / active EE | $624 | $1,115-44.0% | $2,681-76.7% | $2,523-75.3% |
| Participant deferral / active EE | $1,132 | $2,436-53.5% | $3,738-69.7% | $4,231-73.2% |
| Admin fee / account holder | $25 | $76-67.3% | $6,465-99.6% | $114-78.2% |