Filed August 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-5674085 | Recordkeeping | $16,050 |
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $2,946 |
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.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,250 | $101,591-55.5% | $147,096-69.2% | $74,429-39.2% |
| Participation rate | 61.8% | 75.5%-13.7pp | 82.2%-20.4pp | 67.2%-5.4pp |
| Annual return | 17.28% | 8746.45%-8729.2pp | 419.75%-402.5pp | 1368.38%-1351.1pp |
| Employer contribution / active EE | $2,535 | $3,813-33.5% | $4,936-48.6% | $2,625-3.4% |
| Participant deferral / active EE | $5,094 | $7,302-30.2% | $8,071-36.9% | $4,348+17.1% |
| Admin fee / account holder | $123 | $1,750-93.0% | $13,005-99.1% | $1,944-93.7% |