Filed August 25, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $51,250 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 36-4019175 | Advisory (Participants) | $16,875 |
ACUFF & ASSOCIATES, INC.1 year Filed as: ACUFF & ASSOCIATES Service code 13 · EIN 62-1477251 | Contract Administrator | $15,898 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,244 | $45,000-72.8% | $143,788-91.5% | $77,906-84.3% |
| Participation rate | 35.7% | 66.8%-31.2pp | 80.3%-44.7pp | 73.7%-38.0pp |
| Annual return | -12.49% | 29.03%-41.5pp | -0.03%-12.5pp | 12.16%-24.6pp |
| Employer contribution / active EE | $232 | $1,870-87.6% | $4,952-95.3% | $2,846-91.8% |
| Participant deferral / active EE | $705 | $3,157-77.7% | $5,638-87.5% | $4,805-85.3% |
| Admin fee / account holder | $108 | $98+10.2% | $14,675-99.3% | $133-18.2% |