Filed December 8, 2016
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $700 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
GENEOS WEALTH MANAGEMENT INC2+ years Filed as: GENEOS WEALTH MANAGEMENT Service code 49 5080 N 40B STREET · PHOENIX, AZ 85018 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,375 | $43,423-57.7% | $78,676-76.6% | $55,167-66.7% |
| Participation rate | 38.1% | 68.0%-29.9pp | 73.6%-35.5pp | 69.0%-30.9pp |
| Annual return | 7.03% | 11.53%-4.5pp | 62.19%-55.2pp | 169.23%-162.2pp |
| Employer contribution / active EE | $259 | $1,997-87.0% | $2,850-90.9% | $1,963-86.8% |
| Participant deferral / active EE | $1,509 | $2,509-39.8% | $3,517-57.1% | $3,054-50.6% |
| Admin fee / account holder | $7 | $416-98.4% | $4,510-99.9% | $504-98.7% |