Filed December 19, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $56,619 |
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $44,270 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 48-1305000 | Advisory (Plan) | $19,986 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $494 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,820 | $78,275-7.0% | $109,143-33.3% | $86,799-16.1% |
| Participation rate | 90.2% | 73.8%+16.4pp | 75.9%+14.3pp | 72.3%+17.9pp |
| Annual return | 16.14% | 19.14%-3.0pp | 25.75%-9.6pp | 97.91%-81.8pp |
| Employer contribution / active EE | $3,473 | $3,105+11.9% | $3,722-6.7% | $2,405+44.4% |
| Participant deferral / active EE | $6,284 | $3,641+72.6% | $4,653+35.1% | $4,131+52.1% |
| Admin fee / account holder | $89 | $198-55.0% | $6,752-98.7% | $170-47.3% |