Retirement plan
PUERTO RICO FINANCIAL RETIREMENT PLAN
WELLS FARGO & COMPANYEIN 41-0449260Plan #022PY 2016
Other plans on this EIN
2 filingsProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CARA PECK
Signed 09/25/2017
Plan administrator entity
WELLS FARGO & COMPANY
EIN 410449260
MAC N9310-110, 550 S. 4TH STREET · MINNEAPOLIS, MN 55415
Summary metrics
Total assets (EOY)
$43.1M
-13.0% from 2017
Total participants
1,632
+0.4% from 2017
Average account balance
$0
No prior year
Annual return
7.84%
-4.62 pp from 2017
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants250-999
Cohort1,989 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
21
Employer contribution / active EE
$3,964
median $8,456
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $41,934
0
Admin fee / account holder
$0
median $128
77
Annual return
7.84%
median 6.11%
Overall peer rank
49of 100
49th percentileavg across 6 metrics
Analytics
2016 - 2024
Total assets (EOY)
Plan-year ending balance
$53.40M
Average account balance
Total assets / participants with a balance (line 6g)
$35K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,539
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$3.20M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.72%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES1+ years Service code 11 · EIN 36-2235791 | Actuarial | $279,000 |
BANCO POPULAR DE PUERTO RICO1+ years Service code 15 · EIN 66-0561870 | Recordkeeping | $91,041 |
Enrolled actuary
1 attachment
SB
GRACE K. LATTYAK
HEWITT ASSOCIATES LLC
Enrollment #1707120
100 HALF DAY RD
LINCOLNSHIRE, IL 60069
(847) 295-5000
Signed 2017-08-29
Top hat statement on fileNQDC
Filed December 29, 1993 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1A3C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 3CPlan not intended to be qualifiedA plan not intended to be qualified under Code sections 401 403 or 408.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$370K
$1094 / participant
- Other / not subdivided$370K100.0%
% of EOY assets
0.858%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- KPMG, LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer