Filed June 4, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 93-0987232 | Advisory (Plan) | $36,833 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $27,201 |
WELLS FARGO BANK, N.A.2 years Service code 15 · EIN 94-1347393 | Recordkeeping | $14,288 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,231 | $50,956+39.8% | $96,572-26.2% | $86,821-18.0% |
| Participation rate | 65.7% | 65.2%+0.4pp | 69.8%-4.2pp | 72.3%-6.6pp |
| Annual return | 11.36% | 21.27%-9.9pp | 37.79%-26.4pp | 97.94%-86.6pp |
| Employer contribution / active EE | $1,789 | $1,111+61.0% | $2,357-24.1% | $2,406-25.7% |
| Participant deferral / active EE | $3,449 | $2,954+16.8% | $3,850-10.4% | $4,132-16.5% |
| Admin fee / account holder | $241 | $166+45.2% | $6,183-96.1% | $170+42.1% |