Filed November 25, 2019
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $31,075 |
DUFEK & COMPANY LLC3+ years Service code 15 · EIN 27-1515696 | Recordkeeping | $5,500 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $40,480 | $99,957-59.5% | $149,696-73.0% | $73,488-44.9% |
| Participation rate | 58.5% | 75.7%-17.2pp | 82.5%-24.0pp | 70.7%-12.2pp |
| Annual return | 13.31% | 53.87%-40.6pp | 276.60%-263.3pp | 28.51%-15.2pp |
| Employer contribution / active EE | $3,288 | $3,191+3.0% | $4,644-29.2% | $2,270+44.8% |
| Participant deferral / active EE | $4,109 | $6,073-32.3% | $6,842-39.9% | $3,740+9.9% |
| Admin fee / account holder | $209 | $551-62.0% | $9,309-97.8% | $513-59.3% |