Filed May 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER3+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $21,211 |
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).
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 | $23,360 | $79,523-70.6% | $140,019-83.3% | $56,289-58.5% |
| Participation rate | 100.0% | 85.7%+14.3pp | 87.5%+12.5pp | 69.9%+30.1pp |
| Annual return | -4.14% | 2.39%-6.5pp | 651.17%-655.3pp | -9.96%+5.8pp |
| Employer contribution / active EE | $2,716 | $3,350-18.9% | $5,605-51.5% | $2,111+28.7% |
| Participant deferral / active EE | $2,142 | $5,129-58.2% | $6,927-69.1% | $3,350-36.1% |
| Admin fee / account holder | $137 | $614-77.7% | $10,705-98.7% | $521-73.7% |