Filed March 31, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $122,748 |
SAMET & COMPANY PC1 year Filed as: SAMET & COMPANY, PC Service code 10 · EIN 04-3027605 | Accounting | $24,500 |
Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 17 · EIN 36-4291971 | Pension Consulting | $17,472 |
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 27 · EIN 59-3099288 | Advisory (Plan) | $12,661 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $31,526 | $81,961-61.5% | $141,200-77.7% | $89,609-64.8% |
| Participation rate | 7.5% | 64.9%-57.4pp | 82.5%-75.0pp | 69.6%-62.1pp |
| Annual return | 24.05% | 36.14%-12.1pp | 71.41%-47.4pp | 33.65%-9.6pp |
| Employer contribution / active EE | $0 | $2,268-100.0% | $4,736-100.0% | $2,584-100.0% |
| Participant deferral / active EE | $704 | $5,316-86.8% | $6,710-89.5% | $4,222-83.3% |
| Admin fee / account holder | $92 | $68+35.8% | $10,265-99.1% | $72+29.0% |