| Provider | Service type | Compensation |
|---|---|---|
Filed as: FIDELITY INVESTMENTS INSTL OPS Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $912,269 |
FINANCIAL ENGINES4+ years Filed as: FINANCIAL ENGINES, INC. Service code 26 · EIN 94-3250323 | Advisory (Participants) | $806,576 |
WILLIAM BLAIR3 years Filed as: WILLIAM BLAIR INVESTMENT MGMT LLC Service code 51 · EIN 47-2614791 | Investment Mgmt Fees | $441,264 |
LYRICAL ASSET MANAGEMENT3 years Filed as: LYRICAL ASSET MGMT Service code 51 · EIN 37-1572793 | Investment Mgmt Fees | $434,488 |
WELLS FARGO BANK, N.A.4+ years Filed as: GALLIARD CAPITAL MANAGEMENT, INC. Service code 51 · EIN 41-1813702 | Investment Mgmt Fees | $383,561 |
PGIM INVESTMENTS4+ years Filed as: JENNISON ASSOCIATES LLC Service code 51 · EIN 22-2540245 | Investment Mgmt Fees | $370,070 |
COLUMBUS CIRCLE INVESTORS4+ years Service code 51 · EIN 06-1404803 | Investment Mgmt Fees | $356,995 |
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC ADVISORS Service code 26 · EIN 04-2654524 | Advisory (Participants) | $173,162 |
NUVEEN4+ years Filed as: NUVEEN ASSET MANAGEMENT Service code 28 · EIN 27-4357327 | Investment Management | $124,085 |
BOSTON PARTNERS1 year Filed as: BOSTON PARTNERS GLOBAL INVESTORS Service code 28 · EIN 98-0202744 | Investment Management | $64,177 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | FIDELITY INVESTMENTS INSTL OPS | SERVICE PROVIDER EXCESS COMPENSATION PAID FOR RECORDKEEPING SERVICES FOR 2018 PLAN YEAR WAS 705,871 DOLLARS - VFCP FILED | — | — |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $216,702 | $68,904+214.5% | $90,782+138.7% | $68,904+214.5% |
| Participation rate | 96.9% | 74.1%+22.8pp | 82.7%+14.2pp | 74.1%+22.8pp |
| Annual return | -4.16% | 1.07%-5.2pp | -3.42%-0.7pp | 1.07%-5.2pp |
| Employer contribution / active EE | $3,700 | $2,540+45.6% | $4,105-9.9% | $2,540+45.6% |
| Participant deferral / active EE | $10,948 | $4,015+172.7% | $5,366+104.0% | $4,015+172.7% |
| Admin fee / account holder | $379 | $71+432.1% | $5,908-93.6% | $71+432.1% |