Filed December 18, 2023 (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 | $289,795 |
Filed as: WILLIS TOWERS WATSON Service code 38 · EIN 53-0181291 | Participant Communication | $61,036 |
ELLWOOD ASSOCIATES3 years Filed as: JH ELLWOOD Service code 16 · EIN 36-3121777 | Consulting | $42,475 |
UHY LLP1 year Service code 10 · EIN 20-0694403 | Accounting | $32,200 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,138 | $33,780+101.7% | $74,549-8.6% | $75,289-9.5% |
| Participation rate | 57.4% | 62.7%-5.3pp | 69.1%-11.8pp | 72.4%-15.0pp |
| Annual return | 6.16% | -1.24%+7.4pp | 32.54%-26.4pp | -0.04%+6.2pp |
| Employer contribution / active EE | $1,195 | $845+41.4% | $1,961-39.0% | $2,405-50.3% |
| Participant deferral / active EE | $2,777 | $1,890+47.0% | $3,108-10.7% | $3,739-25.7% |
| Admin fee / account holder | $136 | $86+57.4% | $5,059-97.3% | $102+32.9% |