Filed May 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $1,100 |
Participant contribution per participant 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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $15,652 | $74,089-78.9% | $133,975-88.3% | $55,167-71.6% |
| Participation rate | 99.2% | 84.3%+14.9pp | 87.1%+12.1pp | 69.0%+30.2pp |
| Annual return | 7.93% | 12.11%-4.2pp | 29.29%-21.4pp | 169.23%-161.3pp |
| Employer contribution / active EE | $2,726 | $3,064-11.0% | $5,211-47.7% | $1,963+38.9% |
| Participant deferral / active EE | $2,138 | $4,678-54.3% | $6,282-66.0% | $3,054-30.0% |
| Admin fee / account holder | $18 | $458-96.0% | $9,324-99.8% | $504-96.4% |