Filed February 2, 2024 (most recent of 2 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,175 |
ADP BROKER-DEALER2+ 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.
Participant 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).
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 | $7,271 | $50,898-85.7% | $171,082-95.7% | $55,167-86.8% |
| Participation rate | 45.7% | 63.3%-17.5pp | 76.7%-31.0pp | 69.0%-23.3pp |
| Annual return | 7.66% | 15.34%-7.7pp | 32.56%-24.9pp | 169.23%-161.6pp |
| Employer contribution / active EE | $288 | $1,433-79.9% | $4,002-92.8% | $1,963-85.3% |
| Participant deferral / active EE | $935 | $2,994-68.8% | $4,797-80.5% | $3,054-69.4% |
| Admin fee / account holder | $19 | $500-96.2% | $8,520-99.8% | $504-96.3% |