Filed September 12, 2024
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $183,377 |
MILLER KAPLAN ARASE LLP2 years Filed as: MILLER KAPLAN ARASE, LLP Service code 10 · EIN 95-2036255 | Accounting | $7,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,991 | $41,409-51.7% | $94,993-79.0% | $80,976-75.3% |
| Participation rate | 23.9% | 46.1%-22.1pp | 73.9%-49.9pp | 68.3%-44.3pp |
| Annual return | 21.31% | 18.00%+3.3pp | 27.14%-5.8pp | 22.91%-1.6pp |
| Employer contribution / active EE | $326 | $698-53.3% | $2,603-87.5% | $2,402-86.4% |
| Participant deferral / active EE | $591 | $1,441-59.0% | $3,317-82.2% | $3,848-84.6% |
| Admin fee / account holder | $56 | $48+17.1% | $4,960-98.9% | $67-16.4% |