PlanOptica
Retirement plan

PUERTO RICO FINANCIAL RETIREMENT PLAN

WELLS FARGO & COMPANYEIN 41-0449260Plan #022PY 2023
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MAC A0101-121, 420 MONTGOMERY STREET - SAN FRANCISCO, CA 94104888-337-3307LinkedIn11-50 employees
Other plans on this EIN
2 filings
#002Retirement-$51.83B assets#001Retirement-$8.78B assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
LEE KEEL
Signed 10/07/2024
(888) 337-3307
Plan administrator signer
DANIELA NESE
Signed 10/07/2024
Plan administrator entity
HEAD OF HR, HEAD OF TOTAL REWARDS, AND HEAD OF BENEFITS
EIN 410449260
550 S. 4TH STREET, MAC N9310-110 · MINNEAPOLIS, MN 55415
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Summary metrics

Total assets (EOY)
$52.4M
-13.0% from 2017
Total participants
1,553
+0.4% from 2017
Average account balance
$0
No prior year
Annual return
12.64%
-4.62 pp from 2017

Benchmarks

See 99 peers
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined benefit
Participants<25
Cohort99 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $24,625
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,703,652
Admin fee / account holder
$0
median $437
Annual return
12.64%
median 7.92%
Overall peer rank
74th 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 3 by compensation
ProviderService typeCompensation
AON CONSULTING, INC.1 year
Service code 11 · EIN 22-2232264
Actuarial
$252,283
BANCO POPULAR DE PUERTO RICO8+ years
Service code 15 · EIN 66-0561870
Recordkeeping
$119,684
STATE STREET GLOBAL ADVISORS1 year
Service code 28 · EIN 81-4017137
Investment Management
$2,129

Enrolled actuary

1 attachment
SB

BEVIN H. BAUGHN

AON CONSULTING, INC.
Enrollment #2308768
MSC #17819
PO BOX 19640
IRVINE, CA 92623
(415) 486-7017
Signed 2024-09-17

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.

Open the filing PDF

Plan features & details

Pension benefit codes1A1I3C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3C
    Plan not intended to be qualified
    A plan not intended to be qualified under Code sections 401 403 or 408.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$374K
  • Recordkeeping$252K67.4%
  • Trustee / custodial$120K32.0%
  • Investment mgmt$2K0.6%
% of EOY assets
0.714%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CROWE LLP
Auditor EIN
350921680
Audit fees
(not subdivided)
Opinion code
Unqualified