Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEUBERGER BERMAN2+ years Service code 28 · EIN 13-5521910 | Investment Management | $94,874 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO BANK NA Service code 15 · EIN 94-1347393 | Recordkeeping | $20,796 |
Service code 10 · EIN 58-0942047 | Accounting | $12,291 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $50,861 | $75,183-32.3% | $123,894-58.9% | $55,167-7.8% |
| Participation rate | 59.7% | 72.8%-13.1pp | 81.4%-21.7pp | 69.0%-9.2pp |
| Annual return | 4.30% | 19.01%-14.7pp | 47.52%-43.2pp | 169.23%-164.9pp |
| Employer contribution / active EE | $0 | $2,823-100.0% | $4,617-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $0 | $5,084-100.0% | $5,984-100.0% | $3,054-100.0% |
| Admin fee / account holder | $805 | $663+21.5% | $8,357-90.4% | $504+59.7% |