Filed May 5, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT-WEST LIFE & ANNUITY INS Service code 64 | Recordkeeping Fees | $12,460 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 55 | Other Commissions | $10,485 |
Filed as: FLEX PENSIONS OF CALIFORNIA, INC. Service code 13 | Contract Administrator | $1,000 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 | Investment Management | $759 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,742 | $30,599-58.4% | $74,577-82.9% | $57,658-77.9% |
| Participation rate | 67.8% | 49.1%+18.7pp | 68.1%-0.3pp | 70.2%-2.4pp |
| Annual return | 10.09% | 14.24%-4.1pp | 20.47%-10.4pp | 5.13%+5.0pp |
| Employer contribution / active EE | $0 | $1,000-100.0% | $2,525-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $1,610 | $1,805-10.8% | $3,458-53.4% | $3,061-47.4% |
| Admin fee / account holder | $63 | $98-35.6% | $4,138-98.5% | $95-33.2% |