Filed September 19, 2019 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Service code 15 · EIN 94-1347393 | Recordkeeping | $636,679 |
KPMG LLP4 years Filed as: KPMG, LLP Service code 10 · EIN 13-5566207 | Accounting | $140,312 |
WILLIS TOWERS WATSON US LLC3 years Filed as: TOWERS WATSON INVESTMENT SVCS, INC. Service code 27 · EIN 52-1868818 | Advisory (Plan) | $64,760 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $22,886 | $49,890-54.1% | $104,656-78.1% | $106,273-78.5% |
| Participation rate | 56.0% | 45.0%+11.0pp | 74.1%-18.0pp | 70.8%-14.8pp |
| Annual return | 16.76% | 18.07%-1.3pp | 340.70%-323.9pp | 21.70%-4.9pp |
| Employer contribution / active EE | $667 | $809-17.6% | $2,682-75.1% | $2,722-75.5% |
| Participant deferral / active EE | $1,489 | $1,699-12.3% | $3,738-60.2% | $4,601-67.6% |
| Admin fee / account holder | $47 | $56-17.0% | $6,466-99.3% | $78-40.4% |