Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $666,638 |
NFP RETIREMENT INC5+ years Filed as: NFP Service code 27 · EIN 35-2552359 | Advisory (Plan) | $93,750 |
CROWE LLP1 year Service code 10 · EIN 35-0921680 | Accounting | $21,675 |
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 | $47,117 | $100,179-53.0% | $84,029-43.9% | $89,609-47.4% |
| Participation rate | 41.1% | 54.1%-13.0pp | 69.0%-27.9pp | 69.6%-28.5pp |
| Annual return | 21.66% | 22.50%-0.8pp | 71.32%-49.7pp | 33.65%-12.0pp |
| Employer contribution / active EE | $760 | $816-6.9% | $1,984-61.7% | $2,584-70.6% |
| Participant deferral / active EE | $1,444 | $1,459-1.0% | $3,239-55.4% | $4,222-65.8% |
| Admin fee / account holder | $69 | $72-4.5% | $6,102-98.9% | $72-3.8% |