Filed December 15, 2020
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $12,672 |
Filed as: COMMONWEALTH EQUITY SERVICES, INC. Service code 15 · EIN 04-2675571 | Recordkeeping | $9,897 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,119 | $50,956-78.2% | $96,562-88.5% | $86,799-87.2% |
| Participation rate | 90.3% | 65.2%+25.1pp | 69.8%+20.5pp | 72.3%+18.0pp |
| Annual return | 23.79% | 21.27%+2.5pp | 37.78%-14.0pp | 97.91%-74.1pp |
| Employer contribution / active EE | $3,319 | $1,111+198.8% | $2,356+40.8% | $2,405+38.0% |
| Participant deferral / active EE | $4,317 | $2,954+46.1% | $3,849+12.2% | $4,131+4.5% |
| Admin fee / account holder | $81 | $166-51.4% | $6,181-98.7% | $170-52.5% |