Filed July 7, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $500,041 |
MERCER4+ years Filed as: MERCER (US) INC. Service code 50 · EIN 13-2834414 | Direct Payment | $50,219 |
KPMG LLP4+ years Service code 10 · EIN 13-5565207 | Accounting | $49,224 |
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 | $87,970 | $96,540-8.9% | $67,313+30.7% | $73,367+19.9% |
| Participation rate | 57.0% | 65.8%-8.8pp | 69.1%-12.1pp | 69.5%-12.5pp |
| Annual return | -3.20% | -4.11%+0.9pp | -4.08%+0.9pp | 173.45%-176.7pp |
| Employer contribution / active EE | $1,271 | $4,087-68.9% | $2,566-50.5% | $2,499-49.1% |
| Participant deferral / active EE | $2,703 | $3,965-31.8% | $3,568-24.3% | $4,033-33.0% |
| Admin fee / account holder | $57 | $100-42.9% | $4,507-98.7% | $68-16.7% |