Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $600,474 |
NFP RETIREMENT INC2+ years Filed as: NFP Service code 27 · EIN 04-3754674 | Advisory (Plan) | $99,070 |
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 | $44,931 | $38,963+15.3% | $71,793-37.4% | $329,111-86.3% |
| Participation rate | 36.5% | 53.8%-17.3pp | 69.1%-32.6pp | 67.9%-31.4pp |
| Annual return | 8.69% | 9.85%-1.2pp | 78.04%-69.4pp | 16.35%-7.7pp |
| Employer contribution / active EE | $473 | $758-37.6% | $1,924-75.4% | $2,303-79.5% |
| Participant deferral / active EE | $1,227 | $1,286-4.6% | $2,794-56.1% | $3,682-66.7% |
| Admin fee / account holder | $85 | $50+67.9% | $4,815-98.2% | $754-88.8% |