Filed December 19, 2019
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393 | Recordkeeping | $35,919 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,212 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,198 | $60,396-71.5% | $83,848-79.5% | $75,289-77.2% |
| Participation rate | 99.7% | 80.7%+19.0pp | 76.1%+23.6pp | 72.4%+27.3pp |
| Annual return | -4.34% | 3.84%-8.2pp | 850.88%-855.2pp | -0.04%-4.3pp |
| Employer contribution / active EE | $25 | $3,343-99.3% | $3,631-99.3% | $2,405-99.0% |
| Participant deferral / active EE | $0 | $2,922-100.0% | $4,082-100.0% | $3,739-100.0% |
| Admin fee / account holder | $28 | $141-80.3% | $5,478-99.5% | $102-72.9% |