Filed June 4, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $3,473 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $43,781 | $37,044+18.2% | $71,796-39.0% | $57,658-24.1% |
| Participation rate | 72.5% | 61.1%+11.4pp | 69.1%+3.4pp | 70.2%+2.3pp |
| Annual return | 9.45% | 12.64%-3.2pp | 78.04%-68.6pp | 5.13%+4.3pp |
| Employer contribution / active EE | $1,288 | $720+78.9% | $1,924-33.0% | $1,974-34.7% |
| Participant deferral / active EE | $4,297 | $1,974+117.7% | $2,794+53.8% | $3,061+40.4% |
| Admin fee / account holder | $191 | $101+89.5% | $4,815-96.0% | $95+102.3% |