Filed December 3, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $274,247 |
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY Service code 27 5796 ARMADA DRIVE · CARLSBAD, CA 92008 | Advisory (Plan) | $72,000 |
Service code 10 · EIN 95-4345526 | Accounting | $15,085 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $57,940 | $105,173-44.9% | $87,103-33.5% | $77,775-25.5% |
| Participation rate | 80.8% | 85.8%-4.9pp | 76.9%+4.0pp | 73.2%+7.6pp |
| Annual return | 24.19% | 24.52%-0.3pp | 28.19%-4.0pp | 32.58%-8.4pp |
| Employer contribution / active EE | $961 | $2,890-66.7% | $2,521-61.9% | $2,504-61.6% |
| Participant deferral / active EE | $2,959 | $5,048-41.4% | $4,049-26.9% | $3,966-25.4% |
| Admin fee / account holder | $124 | $105+18.8% | $7,491-98.3% | $100+24.2% |