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 | $101,672-55.5% | $147,117-69.2% | $74,478-39.2% |
| Participation rate | 61.8% | 75.5%-13.7pp | 82.2%-20.4pp | 67.2%-5.4pp |
| Annual return | 17.28% | 8757.83%-8740.5pp | 420.54%-403.3pp | 1370.56%-1353.3pp |
| Employer contribution / active EE | $2,535 | $3,813-33.5% | $4,932-48.6% | $2,626-3.5% |
| Participant deferral / active EE | $5,094 | $7,305-30.3% | $8,065-36.8% | $4,350+17.1% |
| Admin fee / account holder | $123 | $1,753-93.0% | $12,993-99.1% | $1,946-93.7% |