Filed April 19, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 37 · EIN 13-3036745 | Loan Processing | $475 |
ADP BROKER-DEALER1+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $46,934 | $37,134+26.4% | $100,671-53.4% | $52,331-10.3% |
| Participation rate | 40.1% | 57.7%-17.5pp | 70.7%-30.6pp | 68.1%-28.0pp |
| Annual return | -1.23% | 0.10%-1.3pp | 20.43%-21.7pp | 4.54%-5.8pp |
| Employer contribution / active EE | $507 | $1,187-57.3% | $4,012-87.4% | $1,882-73.0% |
| Participant deferral / active EE | $1,371 | $2,163-36.6% | $3,144-56.4% | $3,022-54.6% |
| Admin fee / account holder | $5 | $467-98.8% | $4,850-99.9% | $592-99.1% |