Filed January 10, 2024
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $375,512 |
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $122,103 |
KPMG LLP5 years Service code 10 PO BOX 120608 · DALLAS, TX 753120608 | Accounting | $26,000 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,816 | $164,864-68.6% | $453,569-88.6% | $93,010-44.3% |
| Participation rate | 75.5% | 84.2%-8.7pp | 78.0%-2.5pp | 73.9%+1.6pp |
| Annual return | 12.53% | 17.89%-5.4pp | 64.43%-51.9pp | 158.70%-146.2pp |
| Employer contribution / active EE | $1,662 | $3,519-52.8% | $4,072-59.2% | $2,705-38.6% |
| Participant deferral / active EE | $4,527 | $5,690-20.4% | $6,211-27.1% | $4,561-0.8% |
| Admin fee / account holder | $102 | $104-2.0% | $11,214-99.1% | $152-32.7% |