Filed August 31, 2021
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $1,875 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
LPL FINANCIAL1 year Service code 49 138 NASSAU ST 3RD FL · PRINCETON, NJ 08542 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,096 | $74,089-72.9% | $133,975-85.0% | $55,167-63.6% |
| Participation rate | 64.9% | 84.3%-19.4pp | 87.1%-22.1pp | 69.0%-4.1pp |
| Annual return | 8.90% | 12.11%-3.2pp | 29.29%-20.4pp | 169.23%-160.3pp |
| Employer contribution / active EE | $870 | $3,064-71.6% | $5,211-83.3% | $1,963-55.7% |
| Participant deferral / active EE | $3,481 | $4,678-25.6% | $6,282-44.6% | $3,054+14.0% |
| Admin fee / account holder | $15 | $458-96.7% | $9,324-99.8% | $504-97.0% |