Filed March 28, 2019
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $5,286 |
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
MORGAN STANLEY SMITH BARNEY2+ years Service code 49 444 S FLOWER STREET 35TH FL · LOS ANGELES, CA 90071 | Other Services | $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).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $35,307 | $38,969-9.4% | $109,313-67.7% | $55,167-36.0% |
| Participation rate | 36.2% | 58.2%-22.1pp | 71.3%-35.1pp | 69.0%-32.8pp |
| Annual return | 6.30% | 8.26%-2.0pp | 22.07%-15.8pp | 169.23%-162.9pp |
| Employer contribution / active EE | $354 | $1,227-71.1% | $3,892-90.9% | $1,963-82.0% |
| Participant deferral / active EE | $1,699 | $2,176-21.9% | $3,166-46.3% | $3,054-44.4% |
| Admin fee / account holder | $46 | $501-90.7% | $5,666-99.2% | $504-90.8% |