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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 34-1542819 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $37,872 |
Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $29,648 |
DOWNEAST PENSION SERVICES, INC.6+ years Service code 13 · EIN 01-0472857 41 CAMPUS DRIVE,SUITE 302 · NEW GLOUCESTER, ME 04260 | Contract Administrator | $25,698 |
ALBIN RANDALL & BENNETT2 years Service code 10 · EIN 01-0448006 130 MIDDLE ST 3RD FL · PORTLAND, ME 04101 | Accounting | $10,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,694 | $64,286-0.9% | $90,970-30.0% | $73,412-13.2% |
| Participation rate | 98.5% | 63.6%+34.9pp | 69.0%+29.5pp | 72.2%+26.3pp |
| Annual return | 12.66% | 21.46%-8.8pp | 134.58%-121.9pp | 59.30%-46.6pp |
| Employer contribution / active EE | $1,791 | $895+100.2% | $2,122-15.6% | $2,234-19.8% |
| Participant deferral / active EE | $2,676 | $2,453+9.1% | $3,373-20.7% | $3,806-29.7% |
| Admin fee / account holder | $355 | $287+23.6% | $5,960-94.0% | $158+124.8% |