| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO BANK Service code 15 · EIN 62-1583685 | Recordkeeping | $37,353 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | MORRISON-MAIERLE, INC. | PLAN SPONSOR DISTRIBUTION AND DIVERSIFICATIONS FOR LESS THAN FAIR MARKET VALUE | — | $1.4M |
| Part 3 Non-exempt transaction | MORRISON-MAIERLE, INC. | PLAN SPONSOR REDEMPTION AND RECYCLING OF COMPANY STOCK FOR LESS THAN FAIR MARKET VALUE | — | $186K |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,104 | $70,002+8.7% | $115,038-33.8% | $52,331+45.4% |
| Participation rate | 97.5% | 72.1%+25.4pp | 81.4%+16.1pp | 68.1%+29.4pp |
| Annual return | 28.26% | 4.04%+24.2pp | 26.14%+2.1pp | 4.54%+23.7pp |
| Employer contribution / active EE | $12,129 | $2,715+346.8% | $4,608+163.2% | $1,882+544.6% |
| Participant deferral / active EE | $0 | $4,920-100.0% | $6,026-100.0% | $3,022-100.0% |
| Admin fee / account holder | $121 | $566-78.6% | $8,175-98.5% | $592-79.5% |