Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEUBERGER BERMAN5+ years Service code 28 · EIN 13-5521910 | Investment Management | $110,982 |
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO BANK NA Service code 15 · EIN 94-1347393 | Recordkeeping | $26,090 |
CARR, RIGGS & INGRAM, LLC2 years Filed as: CARR, RIGGS & INGRAM LLC Service code 10 · EIN 72-1396621 | Accounting | $13,475 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $31,586 | $89,652-64.8% | $141,191-77.6% | $65,185-51.5% |
| Participation rate | 100.0% | 74.7%+25.3pp | 82.5%+17.5pp | 70.2%+29.8pp |
| Annual return | 25.59% | 32.79%-7.2pp | 71.41%-45.8pp | 29.38%-3.8pp |
| Employer contribution / active EE | $0 | $3,065-100.0% | $4,736-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $0 | $5,691-100.0% | $6,710-100.0% | $3,514-100.0% |
| Admin fee / account holder | $512 | $569-9.9% | $10,264-95.0% | $847-39.6% |