Filed December 22, 2022 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $595,839 |
NFP RETIREMENT INC6+ years Filed as: NFP Service code 27 · EIN 47-1566880 | Advisory (Plan) | $37,500 |
FINDLEY1 year Service code 15 · EIN 34-1213174 | Recordkeeping | $5,500 |
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).
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,933 | $48,464+15.4% | $90,951-38.5% | $106,222-47.3% |
| Participation rate | 42.8% | 53.1%-10.3pp | 69.0%-26.2pp | 70.8%-28.0pp |
| Annual return | 15.18% | 16.72%-1.5pp | 134.60%-119.4pp | 21.69%-6.5pp |
| Employer contribution / active EE | $923 | $939-1.7% | $2,122-56.5% | $2,723-66.1% |
| Participant deferral / active EE | $1,704 | $1,510+12.9% | $3,373-49.5% | $4,600-62.9% |
| Admin fee / account holder | $81 | $58+39.4% | $5,959-98.6% | $78+3.1% |