Filed September 9, 2024
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO Service code 15 · EIN 34-1542819 | Recordkeeping | $12,209 |
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,382 |
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
STATE STREET GLOBAL ADVISORS1+ years Filed as: STATE STREET CORPORATION Service code 21 · EIN 04-1867445 | Bank Trustee | $0 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $19,238 | $50,498-61.9% | $75,784-74.6% | $55,191-65.1% |
| Participation rate | 65.3% | 69.4%-4.2pp | 75.8%-10.5pp | 69.2%-3.9pp |
| Annual return | -0.98% | 1.80%-2.8pp | 9.68%-10.7pp | 10.78%-11.8pp |
| Employer contribution / active EE | $288 | $2,291-87.4% | $3,323-91.3% | $1,899-84.8% |
| Participant deferral / active EE | $1,676 | $2,589-35.3% | $3,652-54.1% | $3,046-45.0% |
| Admin fee / account holder | $62 | $123-49.7% | $5,300-98.8% | $91-31.9% |