Filed January 10, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $295,993 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $97,951 |
KPMG LLP1 year Service code 10 PO BOX 120608 · DALLAS, TX 753120608 | Accounting | $33,930 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $39,950 | $117,734-66.1% | $115,752-65.5% | $77,958-48.8% |
| Participation rate | 86.3% | 82.0%+4.3pp | 77.8%+8.5pp | 71.6%+14.6pp |
| Annual return | 92.75% | 17.65%+75.1pp | 19.41%+73.3pp | 20.87%+71.9pp |
| Employer contribution / active EE | $1,271 | $2,736-53.5% | $3,492-63.6% | $2,310-45.0% |
| Participant deferral / active EE | $4,628 | $4,435+4.4% | $5,204-11.1% | $3,537+30.9% |
| Admin fee / account holder | $94 | $75+25.6% | $6,278-98.5% | $97-3.3% |