Filed July 7, 2016 (most recent of 2 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 | $434,447 |
MERCER1+ years Filed as: MERCER (US) INC. Service code 50 · EIN 13-2834414 | Direct Payment | $61,476 |
KPMG LLP1+ years Service code 10 · EIN 13-5565207 | Accounting | $46,428 |
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 | $91,646 | $84,728+8.2% | $60,547+51.4% | $69,651+31.6% |
| Participation rate | 57.5% | 63.7%-6.2pp | 68.0%-10.5pp | 66.6%-9.1pp |
| Annual return | 1.56% | -1.91%+3.5pp | 335.64%-334.1pp | 53.77%-52.2pp |
| Employer contribution / active EE | $1,202 | $3,261-63.1% | $2,419-50.3% | $2,241-46.3% |
| Participant deferral / active EE | $2,459 | $3,056-19.5% | $3,328-26.1% | $3,635-32.4% |
| Admin fee / account holder | $134 | $74+80.6% | $4,536-97.0% | $63+111.7% |