Filed January 16, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $690 |
ADP BROKER-DEALER3 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.
Annual investment return 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,249 | $51,226-74.1% | $82,744-84.0% | $66,938-80.2% |
| Participation rate | 32.9% | 67.9%-35.0pp | 72.6%-39.7pp | 69.8%-36.9pp |
| Annual return | -19.51% | -9.61%-9.9pp | 702.22%-721.7pp | 1.58%-21.1pp |
| Employer contribution / active EE | $467 | $2,612-82.1% | $3,008-84.5% | $2,545-81.7% |
| Participant deferral / active EE | $1,435 | $3,460-58.5% | $4,395-67.3% | $4,238-66.1% |
| Admin fee / account holder | $57 | $416-86.4% | $5,325-98.9% | $594-90.4% |