Filed January 13, 2017
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $17,739 |
REGIONS BANK1 year Filed as: REGIONS BANK DBA REGIONS TRUST Service code 15 · EIN 63-0371391 | Recordkeeping | $16,866 |
ADP BROKER-DEALER3+ 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).
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 | $24,083 | $46,100-47.8% | $86,590-72.2% | $69,631-65.4% |
| Participation rate | 27.6% | 67.2%-39.6pp | 73.5%-45.9pp | 70.7%-43.1pp |
| Annual return | 13.19% | 21.02%-7.8pp | 964.84%-951.7pp | 27571.02%-27557.8pp |
| Employer contribution / active EE | $262 | $1,850-85.8% | $2,839-90.8% | $2,032-87.1% |
| Participant deferral / active EE | $902 | $2,432-62.9% | $3,609-75.0% | $3,224-72.0% |
| Admin fee / account holder | $173 | $94+84.4% | $4,906-96.5% | $110+56.7% |