Filed August 17, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 34-1542819 | Advisory (Participants) | $40,057 |
Filed as: FIDUCIARY OUTSOURCING, LLC Service code 14 · EIN 47-2079321 | Plan Administrator | $30,847 |
EDBERG & PERRY INC2 years Service code 15 · EIN 86-0738258 | Recordkeeping | $20,315 |
EP FIDUCIARY OUTSOURCING1 year Filed as: EP FIDUCIARY OUTSOURCING, LLC Service code 14 · EIN 46-4775676 | Plan Administrator | $9,464 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $673 |
Filed as: TRANSAMERICA LIFE INS. COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $39,463 | $46,173-14.5% | $170,435-76.8% | $69,631-43.3% |
| Participation rate | 49.2% | 63.9%-14.7pp | 83.6%-34.4pp | 70.7%-21.5pp |
| Annual return | 20.83% | 21.62%-0.8pp | 205.94%-185.1pp | 27571.02%-27550.2pp |
| Employer contribution / active EE | $1,061 | $1,610-34.1% | $5,432-80.5% | $2,032-47.8% |
| Participant deferral / active EE | $2,944 | $2,080+41.5% | $4,939-40.4% | $3,224-8.7% |
| Admin fee / account holder | $449 | $116+287.4% | $13,881-96.8% | $110+306.8% |