Filed December 3, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $24,223 |
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 50 · EIN 26-4310632 | Direct Payment | $7,750 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $147,986 | $227,989-35.1% | $115,038+28.6% | - |
| Participation rate | 94.9% | 70.4%+24.6pp | 81.4%+13.6pp | - |
| Annual return | -1.09% | -2.26%+1.2pp | 26.14%-27.2pp | - |
| Employer contribution / active EE | $702 | $2,554-72.5% | $4,608-84.8% | - |
| Participant deferral / active EE | $10,574 | $4,560+131.9% | $6,026+75.5% | - |
| Admin fee / account holder | $333 | $24,406-98.6% | $8,175-95.9% | - |