Filed February 24, 2016 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $333,524 |
WELLS FARGO BANK, N.A.7+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $257,266 |
ALSTON & BIRD LLP4 years Filed as: ALSTON & BIRD Service code 29 · EIN 58-0137615 | Legal | $12,885 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $609 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $16,498 | $104,165-84.2% | $96,188-82.8% | $106,520-84.5% |
| Participation rate | 3.1% | 31.3%-28.2pp | 68.4%-65.4pp | 71.3%-68.2pp |
| Annual return | 30.85% | 25.28%+5.6pp | 192.12%-161.3pp | 19.28%+11.6pp |
| Employer contribution / active EE | $1 | $599-99.9% | $2,800-100.0% | $2,840-100.0% |
| Participant deferral / active EE | $218 | $1,572-86.1% | $4,350-95.0% | $4,948-95.6% |
| Admin fee / account holder | $52 | $98-47.1% | $5,538-99.1% | $75-30.5% |