Filed April 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.8 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $26,153 |
MARCUM LLP3 years Service code 10 · EIN 11-1986323 | Accounting | $17,393 |
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $17,020 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,137 | $36,806+17.2% | $69,647-38.1% | $77,643-44.4% |
| Participation rate | 73.9% | 64.4%+9.5pp | 66.5%+7.4pp | 70.6%+3.3pp |
| Annual return | 12.01% | 38.81%-26.8pp | 100.48%-88.5pp | 31.24%-19.2pp |
| Employer contribution / active EE | $1,289 | $1,257+2.5% | $1,712-24.7% | $2,726-52.7% |
| Participant deferral / active EE | $4,178 | $2,738+52.6% | $2,886+44.8% | $4,647-10.1% |
| Admin fee / account holder | $57 | $507-88.7% | $4,713-98.8% | $430-86.7% |