Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEUBERGER BERMAN8+ years Service code 28 · EIN 13-5521910 | Investment Management | $68,360 |
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO BANK NA Service code 15 · EIN 94-1347393 | Recordkeeping | $20,526 |
CARR, RIGGS & INGRAM, LLC5 years Filed as: CARR, RIGGS & INGRAM LLC Service code 10 · EIN 72-1396621 | Accounting | $13,650 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,096 | $84,493-56.1% | $125,381-70.4% | $66,938-44.6% |
| Participation rate | 88.7% | 76.4%+12.2pp | 82.4%+6.3pp | 69.8%+18.8pp |
| Annual return | -11.04% | -8.49%-2.6pp | 572.31%-583.4pp | 1.58%-12.6pp |
| Employer contribution / active EE | $0 | $3,554-100.0% | $4,815-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $0 | $6,783-100.0% | $7,448-100.0% | $4,238-100.0% |
| Admin fee / account holder | $306 | $685-55.3% | $10,007-96.9% | $594-48.4% |