Filed June 4, 2024 (most recent of 4 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $29,250 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $45,623 | $35,485+28.6% | $74,551-38.8% | $55,725-18.1% |
| Participation rate | 63.4% | 62.5%+0.9pp | 69.1%-5.7pp | 70.9%-7.4pp |
| Annual return | -8.15% | 0.72%-8.9pp | 32.53%-40.7pp | 244.93%-253.1pp |
| Employer contribution / active EE | $1,018 | $777+31.0% | $1,961-48.1% | $2,078-51.0% |
| Participant deferral / active EE | $3,149 | $2,181+44.4% | $3,108+1.3% | $3,356-6.1% |
| Admin fee / account holder | $243 | $114+112.9% | $5,059-95.2% | $115+111.3% |