Filed April 17, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $63,687 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,918 | $50,815-58.8% | $155,509-86.5% | $77,643-73.1% |
| Participation rate | 40.4% | 63.1%-22.7pp | 78.2%-37.8pp | 70.6%-30.2pp |
| Annual return | 12.60% | 34.80%-22.2pp | 64.67%-52.1pp | 31.24%-18.6pp |
| Employer contribution / active EE | $688 | $1,993-65.5% | $4,672-85.3% | $2,726-74.8% |
| Participant deferral / active EE | $2,051 | $2,822-27.3% | $5,626-63.5% | $4,647-55.9% |
| Admin fee / account holder | $113 | $437-74.1% | $15,912-99.3% | $430-73.7% |