Filed March 31, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $373,669 |
Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 16 · EIN 36-4291971 | Consulting | $71,130 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 16 · EIN 59-3099288 | Consulting | $56,662 |
SAMET & COMPANY PC2 years Filed as: SAMET & COMPANY, PC Service code 10 · EIN 04-3027605 | Accounting | $24,500 |
Service code 29 · EIN 04-2718459 | Legal | $22,462 |
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 | $64,581 | $97,541-33.8% | $149,751-56.9% | $106,273-39.2% |
| Participation rate | 22.4% | 66.8%-44.4pp | 82.5%-60.1pp | 70.8%-48.4pp |
| Annual return | 17.10% | 24.23%-7.1pp | 276.71%-259.6pp | 21.70%-4.6pp |
| Employer contribution / active EE | $352 | $2,504-85.9% | $4,646-92.4% | $2,722-87.1% |
| Participant deferral / active EE | $1,724 | $6,023-71.4% | $6,843-74.8% | $4,601-62.5% |
| Admin fee / account holder | $82 | $72+14.1% | $9,312-99.1% | $78+4.4% |