Filed March 31, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $409,587 |
Service code 16 · EIN 94-3253397 | Consulting | $82,314 |
NEWPORT GROUP, INC.2+ years Filed as: THE NEWPORT GROUP Service code 16 · EIN 59-3099288 | Consulting | $52,760 |
Filed as: MINTZ,LEVIN,COHN,FERRIS,GLOVSKY Service code 29 · EIN 04-3027605 | Legal | $25,255 |
SAMET & COMPANY PC2+ years Service code 10 · EIN 04-3027605 | Accounting | $18,750 |
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 | $45,000 | $3,611,051-98.8% | $123,894-63.7% | $329,111-86.3% |
| Participation rate | 14.6% | 60.7%-46.2pp | 81.4%-66.8pp | 67.9%-53.3pp |
| Annual return | 8.11% | 14.13%-6.0pp | 47.52%-39.4pp | 16.35%-8.2pp |
| Employer contribution / active EE | $171 | $1,947-91.2% | $4,617-96.3% | $2,303-92.6% |
| Participant deferral / active EE | $852 | $4,426-80.8% | $5,984-85.8% | $3,682-76.9% |
| Admin fee / account holder | $85 | $9,731-99.1% | $8,357-99.0% | $754-88.7% |