Filed December 22, 2022
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| Provider | Service type | Compensation |
|---|---|---|
MARCUM LLP1 year Filed as: MARCUM Service code 10 · EIN 11-1986323 | Accounting | $36,804 |
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071 | Recordkeeping Fees | $33,317 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401S TRYON STREET · CHARLOTTE, NC 28081 | Advisory (Plan) | $12,219 |
PASI, LLC3+ years Service code 13 · EIN 26-1407927 | Contract Administrator | $12,174 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,963 | $37,196-49.0% | $154,114-87.7% | $55,725-66.0% |
| Participation rate | 45.1% | 64.1%-19.0pp | 83.0%-37.9pp | 70.9%-25.8pp |
| Annual return | 6.51% | 1319.68%-1313.2pp | 735.16%-728.7pp | 244.93%-238.4pp |
| Employer contribution / active EE | $5 | $1,614-99.7% | $5,298-99.9% | $2,078-99.8% |
| Participant deferral / active EE | $1,336 | $2,068-35.4% | $5,081-73.7% | $3,356-60.2% |
| Admin fee / account holder | $238 | $102+133.8% | $13,411-98.2% | $115+106.2% |