Filed January 13, 2017
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1+ years Filed as: ADP Service code 15 · EIN 22-1467904 | Recordkeeping | $6,022 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,099 | $38,925-56.1% | $73,843-76.8% | $55,191-69.0% |
| Participation rate | 32.4% | 66.0%-33.7pp | 73.4%-41.1pp | 69.2%-36.8pp |
| Annual return | 11.91% | 6.31%+5.6pp | 2267.84%-2255.9pp | 10.78%+1.1pp |
| Employer contribution / active EE | $389 | $1,695-77.1% | $2,787-86.0% | $1,899-79.5% |
| Participant deferral / active EE | $988 | $2,351-58.0% | $3,583-72.4% | $3,046-67.6% |
| Admin fee / account holder | $83 | $83-0.2% | $4,880-98.3% | $91-8.9% |