Filed May 23, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $90,974 |
WELLS FARGO BANK, N.A.7+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $50,163 |
AMERICAN FUNDS3 years Filed as: NEWPORT CAPITAL GROUP Service code 27 · EIN 86-1109193 | Advisory (Plan) | $23,175 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $4,059 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $79,425 | $104,336-23.9% | $159,474-50.2% | $86,821-8.5% |
| Participation rate | 69.4% | 77.7%-8.3pp | 82.8%-13.5pp | 72.3%-2.9pp |
| Annual return | 18.99% | 26.32%-7.3pp | 263.68%-244.7pp | 97.94%-78.9pp |
| Employer contribution / active EE | $3,070 | $3,451-11.1% | $4,831-36.5% | $2,406+27.6% |
| Participant deferral / active EE | $5,427 | $6,837-20.6% | $7,353-26.2% | $4,132+31.4% |
| Admin fee / account holder | $185 | $172+7.3% | $10,802-98.3% | $170+9.0% |