Filed December 19, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $94,483 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 48-1305000 | Advisory (Plan) | $40,000 |
MORNINGSTAR2 years 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 | $79,845 | $93,010-14.2% | $96,515-17.3% | $74,460+7.2% |
| Participation rate | 94.6% | 71.6%+23.0pp | 74.3%+20.3pp | 70.7%+23.9pp |
| Annual return | 17.54% | 37.50%-20.0pp | 35.73%-18.2pp | 34.38%-16.8pp |
| Employer contribution / active EE | $3,303 | $3,427-3.6% | $3,740-11.7% | $2,638+25.2% |
| Participant deferral / active EE | $6,916 | $3,971+74.2% | $4,880+41.7% | $4,530+52.7% |
| Admin fee / account holder | $114 | $633-82.0% | $6,735-98.3% | $348-67.3% |