Filed July 7, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $396,060 |
MERCER6+ years Filed as: MERCER (US) INC. Service code 16 · EIN 13-2834414 | Consulting | $52,429 |
DELOITTE & TOUCHE LLP2 years Service code 10 · EIN 13-3891517 | Accounting | $41,134 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $34,714 |
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).
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 | $107,969 | $123,048-12.3% | $81,988+31.7% | $106,273+1.6% |
| Participation rate | 69.3% | 65.1%+4.3pp | 69.3%+0.1pp | 70.8%-1.5pp |
| Annual return | 16.67% | 14.83%+1.8pp | 41.32%-24.6pp | 21.70%-5.0pp |
| Employer contribution / active EE | $1,056 | $3,893-72.9% | $2,499-57.7% | $2,722-61.2% |
| Participant deferral / active EE | $3,468 | $4,168-16.8% | $3,723-6.8% | $4,601-24.6% |
| Admin fee / account holder | $45 | $116-61.3% | $5,666-99.2% | $78-42.6% |