Filed August 3, 2022 (most recent of 2 filings on file)
Total covered: 2,748 employees
| Provider | Service type | Compensation |
|---|---|---|
Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243 | Advisory (Participants) | $2,359,354 |
WEDGE CAPITAL MANAGEMENT2+ years Service code 28 · EIN 56-1557450 | Investment Management | $689,834 |
WELLS FARGO BANK, N.A.2+ years Filed as: GALLIARD CAPITAL MANAGEMENT, INC Service code 28 · EIN 41-1813702 | Investment Management | $584,443 |
PGIM INVESTMENTS2+ years Filed as: JENNISON ASSOCIATES, LLC Service code 28 · EIN 22-2540245 | Investment Management | $566,910 |
Filed as: J.P. MORGAN INVESTMENT MANAGEMENT Service code 27 · EIN 13-3200244 | Advisory (Plan) | $519,398 |
PINNACLE ASSOCIATES LTD2+ years Filed as: PINNACLE ASSOCIATES Service code 28 · EIN 13-3220717 | Investment Management | $465,806 |
THE BANK OF NEW YORK MELLON2+ years Filed as: MELLON CAPITAL Service code 28 · EIN 25-6078093 | Investment Management | $390,352 |
BOSTON PARTNERS2+ years Filed as: ROBECO BOSTON PARTNERS Service code 28 · EIN 98-0202744 | Investment Management | $344,637 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $336,751 |
WELLINGTON TRUST COMPANY2+ years Filed as: WELLINGTON MANAGEMENT Service code 28 · EIN 04-2683227 | Investment Management | $235,755 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | JP MORGAN CHASE BANK, NA | TRUSTEE AND CUSTODIAN SEE ATTACHMENT FOR FULL DESCRIPTION 401K NON EXEMPT TRANSACTIONS.PDF | — | — |
| Part 3 Non-exempt transaction | GALLIARD CAPITAL MANAGEMENT, INC. | INVESTMENT MANAGER SEE ATTACHMENT FOR FULL DESCRIPTION 401K NON EXEMPT TRANSACTIONS.PDF | — | — |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $189,917 | $329,111-42.3% | $88,497+114.6% | $329,111-42.3% |
| Participation rate | 94.1% | 67.9%+26.2pp | 82.4%+11.7pp | 67.9%+26.2pp |
| Annual return | 6.27% | 16.35%-10.1pp | 7.63%-1.4pp | 16.35%-10.1pp |
| Employer contribution / active EE | $3,865 | $2,303+67.8% | $4,036-4.2% | $2,303+67.8% |
| Participant deferral / active EE | $8,727 | $3,682+137.0% | $4,899+78.1% | $3,682+137.0% |
| Admin fee / account holder | $314 | $754-58.3% | $6,220-95.0% | $754-58.3% |