Filed September 12, 2016
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS FINANCIAL NETW Service code 15 · EIN 48-1305000 | Recordkeeping | $122,777 |
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $48,903 |
RANDY SILHAN, CPA, CFE4+ years Service code 15 · EIN 26-2515308 | Recordkeeping | $8,000 |
ADP BROKER-DEALER4+ years Service code 49 · EIN 22-3319984 | Other Services | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $26,093 | $96,900-73.1% | $111,392-76.6% | $75,289-65.3% |
| Participation rate | 98.1% | 85.9%+12.2pp | 78.9%+19.2pp | 72.4%+25.7pp |
| Annual return | -6.34% | 1.66%-8.0pp | -2.06%-4.3pp | -0.04%-6.3pp |
| Employer contribution / active EE | $3,730 | $5,520-32.4% | $4,328-13.8% | $2,405+55.1% |
| Participant deferral / active EE | $4,421 | $6,494-31.9% | $5,567-20.6% | $3,739+18.3% |
| Admin fee / account holder | $86 | $105-17.7% | $12,266-99.3% | $102-15.5% |