Filed March 11, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $29,255 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $8,614 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $19,881 | $37,213-46.6% | $156,551-87.3% | $63,975-68.9% |
| Participation rate | 18.5% | 65.0%-46.5pp | 84.0%-65.5pp | 71.1%-52.6pp |
| Annual return | 8.23% | 47.89%-39.7pp | 32.23%-24.0pp | 48.65%-40.4pp |
| Employer contribution / active EE | $176 | $1,357-87.0% | $5,501-96.8% | $2,182-91.9% |
| Participant deferral / active EE | $622 | $2,070-69.9% | $4,871-87.2% | $3,356-81.5% |
| Admin fee / account holder | $45 | $56-20.7% | $13,028-99.7% | $70-36.6% |