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+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $468,705 |
NEWPORT GROUP, INC.1+ years Filed as: THE NEWPORT GROUP Service code 16 · EIN 59-3099288 | Consulting | $26,229 |
SAMET & COMPANY PC1+ years Service code 10 · EIN 04-3027605 | Accounting | $23,750 |
Service code 16 · EIN 94-3253397 | Consulting | $17,959 |
Filed as: MINTZ,LEVIN,COHN,FERRIS,GLOVSKY Service code 29 · EIN 04-3027605 | Legal | $15,668 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $41,578 | $65,877-36.9% | $115,038-63.9% | $69,651-40.3% |
| Participation rate | 15.3% | 58.1%-42.8pp | 81.4%-66.1pp | 66.6%-51.3pp |
| Annual return | 1.07% | 6.03%-5.0pp | 26.14%-25.1pp | 53.77%-52.7pp |
| Employer contribution / active EE | $193 | $1,712-88.8% | $4,608-95.8% | $2,241-91.4% |
| Participant deferral / active EE | $824 | $4,216-80.4% | $6,026-86.3% | $3,635-77.3% |
| Admin fee / account holder | $88 | $77+13.2% | $8,175-98.9% | $63+38.4% |