Filed August 3, 2023 (most recent of 3 filings on file)
Total covered: 616 employees
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $307,540 |
MERCER1 year Filed as: MERCER INVESTMENT CONSULTING LLC Service code 16 · EIN 61-0736136 | Consulting | $121,871 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $98,054 | $88,874+10.3% | $123,553-20.6% | $75,289+30.2% |
| Participation rate | 68.4% | 75.9%-7.4pp | 82.3%-13.9pp | 72.4%-4.0pp |
| Annual return | 20.54% | 4.22%+16.3pp | 119.21%-98.7pp | -0.04%+20.6pp |
| Employer contribution / active EE | $1,057 | $3,256-67.5% | $4,628-77.2% | $2,405-56.0% |
| Participant deferral / active EE | $6,984 | $6,174+13.1% | $6,426+8.7% | $3,739+86.8% |
| Admin fee / account holder | $181 | $95+91.6% | $9,284-98.0% | $102+77.0% |