Filed June 4, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $4,523 |
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 | $51,899 | $48,064+8.0% | $78,778-34.1% | $69,631-25.5% |
| Participation rate | 73.0% | 61.6%+11.4pp | 69.2%+3.8pp | 70.7%+2.3pp |
| Annual return | 15.28% | 21.81%-6.5pp | 35.62%-20.3pp | 27571.02%-27555.7pp |
| Employer contribution / active EE | $1,498 | $744+101.4% | $1,986-24.6% | $2,032-26.3% |
| Participant deferral / active EE | $4,011 | $2,079+92.9% | $2,958+35.6% | $3,224+24.4% |
| Admin fee / account holder | $219 | $152+44.0% | $5,134-95.7% | $110+98.1% |