Filed May 14, 2018
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO Service code 15 · EIN 34-1542819 | Recordkeeping | $23,155 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $1,500 |
ADP BROKER-DEALER2+ years Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $42,803 | $57,921-26.1% | $84,753-49.5% | $57,658-25.8% |
| Participation rate | 49.1% | 72.9%-23.8pp | 76.6%-27.5pp | 70.2%-21.1pp |
| Annual return | 3.84% | 10.24%-6.4pp | 22.78%-18.9pp | 5.13%-1.3pp |
| Employer contribution / active EE | $524 | $2,598-79.8% | $3,574-85.3% | $1,974-73.4% |
| Participant deferral / active EE | $2,196 | $2,742-19.9% | $3,712-40.8% | $3,061-28.2% |
| Admin fee / account holder | $161 | $130+24.1% | $5,333-97.0% | $95+70.3% |