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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $260,569 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $30,000 |
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: CBIZ OPERATIONS INC Service code 10 · EIN 34-1846498 | Accounting | $10,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,272 | $106,994-62.4% | $135,998-70.4% | $96,393-58.2% |
| Participation rate | 36.2% | 72.5%-36.4pp | 81.9%-45.8pp | 71.3%-35.1pp |
| Annual return | 26.43% | 26.64%-0.2pp | 68.37%-41.9pp | 22.88%+3.5pp |
| Employer contribution / active EE | $614 | $3,391-81.9% | $4,860-87.4% | $3,239-81.1% |
| Participant deferral / active EE | $2,454 | $7,968-69.2% | $7,761-68.4% | $5,455-55.0% |
| Admin fee / account holder | $54 | $79-31.3% | $10,769-99.5% | $74-26.5% |