Filed March 31, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $120,104 |
SAMET & COMPANY PC2 years Filed as: SAMET & COMPANY, PC Service code 10 · EIN 04-3027605 | Accounting | $24,500 |
Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 16 · EIN 36-4291971 | Consulting | $19,920 |
Service code 29 · EIN 04-2718459 | Legal | $10,730 |
NEWPORT GROUP, INC.5 years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 16 · EIN 59-3099288 | Consulting | $10,361 |
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.
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 | $35,923 | $127,481-71.8% | $149,751-76.0% | $90,274-60.2% |
| Participation rate | 32.0% | 78.2%-46.2pp | 82.5%-50.5pp | 73.4%-41.4pp |
| Annual return | 16.73% | 57.78%-41.0pp | 276.71%-260.0pp | 53.97%-37.2pp |
| Employer contribution / active EE | $0 | $3,448-100.0% | $4,646-100.0% | $2,523-100.0% |
| Participant deferral / active EE | $3,433 | $6,975-50.8% | $6,843-49.8% | $4,231-18.9% |
| Admin fee / account holder | $97 | $152-36.1% | $9,312-99.0% | $114-15.0% |