Filed January 10, 2024
| Provider | Service type | Compensation |
|---|---|---|
KPMG LLP1+ years Service code 10 PO BOX 120608 · DALLAS, TX 753120608 | Accounting | $21,000 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $20,534 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $9,145 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $58,538 | $73,823-20.7% | $379,746-84.6% | $73,501-20.4% |
| Participation rate | 39.4% | 73.1%-33.7pp | 78.4%-39.0pp | 70.7%-31.2pp |
| Annual return | 9.55% | 29.06%-19.5pp | 34.90%-25.4pp | 28.51%-19.0pp |
| Employer contribution / active EE | $1,605 | $2,472-35.1% | $3,540-54.7% | $2,270-29.3% |
| Participant deferral / active EE | $2,652 | $4,038-34.3% | $6,024-56.0% | $3,740-29.1% |
| Admin fee / account holder | $176 | $607-71.0% | $7,927-97.8% | $513-65.7% |