Filed December 23, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GLOBAL RETIREMENT PARTNERS Service code 15 · EIN 47-1411118 | Recordkeeping | $10,992 |
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $4,925 |
ADP BROKER-DEALER4+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
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).
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 | $12,884 | $61,214-79.0% | $83,322-84.5% | $56,287-77.1% |
| Participation rate | 82.1% | 72.6%+9.5pp | 77.8%+4.3pp | 69.9%+12.2pp |
| Annual return | -7.26% | 0.42%-7.7pp | 10.64%-17.9pp | -9.96%+2.7pp |
| Employer contribution / active EE | $0 | $1,925-100.0% | $3,379-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $6,243 | $5,091+22.6% | $5,565+12.2% | $3,350+86.4% |
| Admin fee / account holder | $48 | $512-90.7% | $7,540-99.4% | $521-90.9% |