Filed January 16, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $290 |
ADP BROKER-DEALER1 year Service code 49 · EIN 22-3319984 | Other Services | $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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $8,758 | $66,124-86.8% | $90,440-90.3% | $73,493-88.1% |
| Participation rate | 37.8% | 69.7%-31.8pp | 72.7%-34.9pp | 70.7%-32.8pp |
| Annual return | 20.90% | 17.65%+3.2pp | 1294.38%-1273.5pp | 28.51%-7.6pp |
| Employer contribution / active EE | $408 | $2,346-82.6% | $3,263-87.5% | $2,270-82.0% |
| Participant deferral / active EE | $1,296 | $3,039-57.4% | $3,964-67.3% | $3,740-65.3% |
| Admin fee / account holder | $53 | $396-86.7% | $5,615-99.1% | $513-89.7% |