Filed July 21, 2016
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6 years Filed as: WELLS FARGO ADVISORS LLC Service code 26 · EIN 34-1542819 ONE NORTH JEFFERSON AVE · ST LOUIS, MO 63103 | Advisory (Participants) | $36,882 |
DEFINITI LLC2 years Service code 15 2201 TIMBERLOCH PL · THE WOODLANDS, TX 77380 | Recordkeeping | $21,891 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, ET9 · BUFFALO, NY 14201 | Recordkeeping | $6,070 |
Filed as: WILSHIRE ASSOCIATES INC (USA) Service code 26 · EIN 95-2755361 1299 OCEAN AVE SUITE 700 · SANTA MONICA, CA 90401 | Advisory (Participants) | $2,345 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,016 | $106,230-59.5% | $147,080-70.8% | $77,736-44.7% |
| Participation rate | 68.5% | 78.4%-9.9pp | 82.2%-13.7pp | 70.6%-2.1pp |
| Annual return | 17.40% | 56.91%-39.5pp | 420.17%-402.8pp | 31.26%-13.9pp |
| Employer contribution / active EE | $2,555 | $4,072-37.3% | $4,933-48.2% | $2,728-6.3% |
| Participant deferral / active EE | $4,616 | $8,001-42.3% | $8,066-42.8% | $4,651-0.7% |
| Admin fee / account holder | $330 | $338-2.6% | $12,989-97.5% | $433-23.9% |