Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEUBERGER BERMAN1+ years Service code 28 · EIN 13-5521910 | Investment Management | $77,354 |
Service code 10 · EIN 58-0942047 | Accounting | $21,683 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO BANK NA Service code 15 · EIN 94-1347393 | Recordkeeping | $21,115 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $44,771 | $70,002-36.0% | $115,038-61.1% | $52,331-14.4% |
| Participation rate | 68.4% | 72.1%-3.7pp | 81.4%-13.0pp | 68.1%+0.3pp |
| Annual return | -5.70% | 4.04%-9.7pp | 26.14%-31.8pp | 4.54%-10.2pp |
| Employer contribution / active EE | $170 | $2,715-93.7% | $4,608-96.3% | $1,882-90.9% |
| Participant deferral / active EE | $0 | $4,920-100.0% | $6,026-100.0% | $3,022-100.0% |
| Admin fee / account holder | $702 | $566+24.0% | $8,175-91.4% | $592+18.7% |