Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $642,201 |
NFP RETIREMENT INC4+ years Filed as: NFP Service code 27 · EIN 35-2552359 | Advisory (Plan) | $119,906 |
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 | $42,172 | $38,510+9.5% | $74,549-43.4% | $73,367-42.5% |
| Participation rate | 37.9% | 53.5%-15.7pp | 69.1%-31.3pp | 69.5%-31.6pp |
| Annual return | -5.28% | -0.94%-4.3pp | 32.54%-37.8pp | 173.45%-178.7pp |
| Employer contribution / active EE | $612 | $774-20.9% | $1,961-68.8% | $2,499-75.5% |
| Participant deferral / active EE | $1,257 | $1,421-11.5% | $3,108-59.6% | $4,033-68.8% |
| Admin fee / account holder | $82 | $52+58.1% | $5,059-98.4% | $68+20.1% |