Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $489,849 |
NFP RETIREMENT INC3+ years Filed as: NFP Service code 27 · EIN 04-3754674 | Advisory (Plan) | $21,571 |
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 | $50,996 | $39,909+27.8% | $78,775-35.3% | $80,976-37.0% |
| Participation rate | 39.3% | 55.7%-16.4pp | 69.2%-29.9pp | 68.3%-28.9pp |
| Annual return | 34.75% | 23.47%+11.3pp | 35.62%-0.9pp | 22.91%+11.8pp |
| Employer contribution / active EE | $483 | $778-37.9% | $1,986-75.7% | $2,402-79.9% |
| Participant deferral / active EE | $1,227 | $1,359-9.7% | $2,958-58.5% | $3,848-68.1% |
| Admin fee / account holder | $67 | $50+35.8% | $5,132-98.7% | $67+0.1% |