Filed January 10, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $308,107 |
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $124,290 |
KPMG LLP4 years Service code 10 PO BOX 120608 · DALLAS, TX 753120608 | Accounting | $28,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $46,730 | $114,568-59.2% | $379,746-87.7% | $93,223-49.9% |
| Participation rate | 65.0% | 89.4%-24.4pp | 78.4%-13.4pp | 74.9%-9.9pp |
| Annual return | 15.01% | 16.38%-1.4pp | 34.90%-19.9pp | 19.29%-4.3pp |
| Employer contribution / active EE | $1,096 | $3,213-65.9% | $3,540-69.0% | $2,680-59.1% |
| Participant deferral / active EE | $3,159 | $6,118-48.4% | $6,024-47.6% | $4,563-30.8% |
| Admin fee / account holder | $90 | $72+23.9% | $7,927-98.9% | $79+13.2% |