Filed September 6, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $464,061 |
Service code 27 P O BOX 600071 · RALEIGH, NC 276756071 | Advisory (Plan) | $40,000 |
MERCER3+ years Filed as: MERCER INVESTMENT CONSULTING, INC. Service code 27 P O BOX 13793 · NEWARK, NJ 071880793 | Advisory (Plan) | $15,750 |
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 | $32,640 | $39,909-18.2% | $78,775-58.6% | $80,976-59.7% |
| Participation rate | 34.4% | 55.7%-21.3pp | 69.2%-34.8pp | 68.3%-33.9pp |
| Annual return | 16.46% | 23.47%-7.0pp | 35.62%-19.2pp | 22.91%-6.4pp |
| Employer contribution / active EE | $0 | $778-100.0% | $1,986-100.0% | $2,402-100.0% |
| Participant deferral / active EE | $977 | $1,359-28.1% | $2,958-67.0% | $3,848-74.6% |
| Admin fee / account holder | $84 | $50+69.5% | $5,132-98.4% | $67+24.9% |