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 | $25,696 |
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $14,559 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,487 | $52,406-22.7% | $129,207-68.7% | $74,495-45.7% |
| Participation rate | 52.8% | 53.8%-1.0pp | 69.6%-16.9pp | 67.2%-14.4pp |
| Annual return | 13.73% | 15.66%-1.9pp | 9417.33%-9403.6pp | 1364.94%-1351.2pp |
| Employer contribution / active EE | $1,142 | $1,531-25.4% | $4,153-72.5% | $2,623-56.5% |
| Participant deferral / active EE | $2,332 | $2,794-16.6% | $4,168-44.1% | $4,346-46.3% |
| Admin fee / account holder | $283 | $2,633-89.2% | $7,715-96.3% | $1,942-85.4% |