Filed September 6, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $470,282 |
MERCER1+ years Filed as: MERCER INVESTMENT CONSULTING, INC. Service code 50 P O BOX 13793 · NEWARK, NJ 071880793 | Direct Payment | $13,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $25,463 | $36,004-29.3% | $64,101-60.3% | $69,651-63.4% |
| Participation rate | 35.8% | 47.3%-11.4pp | 68.2%-32.3pp | 66.6%-30.7pp |
| Annual return | 1.50% | 4.26%-2.8pp | 791.27%-789.8pp | 53.77%-52.3pp |
| Employer contribution / active EE | $0 | $617-100.0% | $1,820-100.0% | $2,241-100.0% |
| Participant deferral / active EE | $954 | $1,166-18.2% | $2,822-66.2% | $3,635-73.8% |
| Admin fee / account holder | $75 | $49+52.9% | $4,499-98.3% | $63+18.4% |