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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING .00SERVICES LL Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $47,155 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $30,968 |
DOWNEAST PENSION SERVICES, INC.8+ years Service code 13 · EIN 01-0472857 41 CAMPUS DRIVE,SUITE 302 · NEW GLOUCESTER, ME 04260 | Contract Administrator | $26,703 |
ALBIN RANDALL & BENNETT4 years Service code 10 130 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.)
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 | $62,839 | $42,367+48.3% | $79,580-21.0% | $64,819-3.1% |
| Participation rate | 92.3% | 64.7%+27.5pp | 69.5%+22.8pp | 71.5%+20.8pp |
| Annual return | -12.21% | -12.23%0pp | 0.15%-12.4pp | 32.84%-45.0pp |
| Employer contribution / active EE | $1,798 | $1,181+52.3% | $2,413-25.5% | $2,507-28.3% |
| Participant deferral / active EE | $4,468 | $3,170+40.9% | $3,985+12.1% | $4,311+3.6% |
| Admin fee / account holder | $320 | $160+100.5% | $6,835-95.3% | $188+70.3% |