Filed July 7, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $453,745 |
KPMG LLP2+ years Service code 10 · EIN 13-5565207 | Accounting | $104,286 |
MERCER2+ years Filed as: MERCER (US) INC. Service code 50 · EIN 13-2834414 | Direct Payment | $66,707 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $93,493 | $93,789-0.3% | $67,836+37.8% | $329,111-71.6% |
| Participation rate | 55.7% | 65.9%-10.2pp | 68.8%-13.1pp | 67.9%-12.2pp |
| Annual return | 6.68% | 17.51%-10.8pp | 138.49%-131.8pp | 16.35%-9.7pp |
| Employer contribution / active EE | $1,247 | $3,924-68.2% | $2,404-48.1% | $2,303-45.9% |
| Participant deferral / active EE | $2,494 | $3,663-31.9% | $3,160-21.1% | $3,682-32.3% |
| Admin fee / account holder | $75 | $82-8.1% | $4,621-98.4% | $754-90.0% |