Filed May 5, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $57,825 |
ORENDA RETIREMENT, LLC1 year Service code 13 · EIN 36-4877979 | Contract Administrator | $19,458 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SVCS (WF ADVS) Service code 27 · EIN 34-1542819 | Advisory (Plan) | $8,386 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,620 | $40,522-54.0% | $84,611-78.0% | $67,579-72.4% |
| Participation rate | 69.8% | 51.1%+18.7pp | 68.2%+1.6pp | 71.3%-1.5pp |
| Annual return | 18.47% | 32.72%-14.3pp | 258.74%-240.3pp | 378.56%-360.1pp |
| Employer contribution / active EE | $171 | $1,146-85.0% | $2,652-93.5% | $2,148-92.0% |
| Participant deferral / active EE | $1,894 | $2,132-11.2% | $3,899-51.4% | $3,539-46.5% |
| Admin fee / account holder | $264 | $145+81.4% | $4,912-94.6% | $142+85.2% |