Filed May 18, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AMERICAN PORTFOLIOS ADVISORS, INC. Service code 15 · EIN 11-3600438 | Recordkeeping | $15,893 |
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $11,918 |
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.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,661 | $48,335-22.1% | $121,098-68.9% | $71,457-47.3% |
| Participation rate | 50.0% | 54.3%-4.3pp | 69.5%-19.5pp | 67.9%-17.9pp |
| Annual return | 14.11% | 23.32%-9.2pp | 985.75%-971.6pp | 28.85%-14.7pp |
| Employer contribution / active EE | $1,187 | $1,489-20.3% | $4,164-71.5% | $2,588-54.1% |
| Participant deferral / active EE | $2,284 | $2,754-17.1% | $4,080-44.0% | $4,289-46.8% |
| Admin fee / account holder | $216 | $1,841-88.3% | $5,644-96.2% | $1,587-86.4% |