Filed December 19, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $92,023 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 48-1305000 | Advisory (Plan) | $40,000 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,376 | $106,236-36.6% | $112,263-40.0% | $64,824+3.9% |
| Participation rate | 94.0% | 71.7%+22.3pp | 75.1%+18.9pp | 71.5%+22.5pp |
| Annual return | -15.62% | -6.02%-9.6pp | 27.49%-43.1pp | 32.84%-48.5pp |
| Employer contribution / active EE | $4,411 | $3,167+39.3% | $3,636+21.3% | $2,507+75.9% |
| Participant deferral / active EE | $6,520 | $3,786+72.2% | $4,729+37.9% | $4,311+51.2% |
| Admin fee / account holder | $106 | $452-76.5% | $6,410-98.3% | $188-43.5% |