Filed January 21, 2022 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $104,025 |
Filed as: GALLAGHER BENEFIT SERVICES Service code 27 · EIN 36-4291971 | Advisory (Plan) | $35,000 |
NIXON PEABODY LLP1+ years Service code 29 · EIN 16-0764720 | Legal | $21,878 |
FREED MAXICK CPAS PC1+ years Filed as: FREED MAXICK CPAS, PC Service code 10 · EIN 45-4051133 | Accounting | $21,300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $29,510 | $65,292-54.8% | $78,676-62.5% | $65,292-54.8% |
| Participation rate | 13.0% | 72.4%-59.4pp | 73.6%-60.6pp | 72.4%-59.4pp |
| Annual return | -0.67% | 11.84%-12.5pp | 62.19%-62.9pp | 11.84%-12.5pp |
| Employer contribution / active EE | $107 | $2,302-95.3% | $2,850-96.2% | $2,302-95.3% |
| Participant deferral / active EE | $407 | $3,579-88.6% | $3,517-88.4% | $3,579-88.6% |
| Admin fee / account holder | $124 | $57+116.2% | $4,510-97.3% | $57+116.2% |