Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $521,928 |
NFP RETIREMENT INC1+ years Filed as: NFP Service code 27 · EIN 04-3754674 | Advisory (Plan) | $38,767 |
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 | $40,691 | $36,004+13.0% | $64,101-36.5% | $69,651-41.6% |
| Participation rate | 37.6% | 47.3%-9.6pp | 68.2%-30.5pp | 66.6%-28.9pp |
| Annual return | 0.41% | 4.26%-3.8pp | 791.27%-790.9pp | 53.77%-53.4pp |
| Employer contribution / active EE | $521 | $617-15.4% | $1,820-71.3% | $2,241-76.7% |
| Participant deferral / active EE | $1,188 | $1,166+1.9% | $2,822-57.9% | $3,635-67.3% |
| Admin fee / account holder | $80 | $49+63.0% | $4,499-98.2% | $63+26.2% |