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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSMAERICA RETIREMENT SOLUTIONS Service code 12 · EIN 13-3689044 | Recordkeeping fees; Float revenue; Pa... | $49,768 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES Service code 16 1 NORTH JEFFERSON · ST. LOUIS, MO 63103 | Consulting | $36,771 |
Filed as: AMERIPRISE FINANCIAL SERVICES Service code 16 50085 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474 | Consulting | $6,918 |
Service code 33 · EIN 25-1409618 | Securities brokerage; Securities brok... | $0 |
Service code 33 · EIN 04-3523567 | Securities brokerage commissions and ... | $0 |
Service code 12 | Account maintenance fees; Direct paym... | $0 |
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 | $163,058 | $75,183+116.9% | $123,894+31.6% | $55,167+195.6% |
| Participation rate | 100.0% | 72.8%+27.2pp | 81.4%+18.6pp | 69.0%+31.0pp |
| Annual return | 7.56% | 19.01%-11.4pp | 47.52%-40.0pp | 169.23%-161.7pp |
| Employer contribution / active EE | $6,072 | $2,823+115.0% | $4,617+31.5% | $1,963+209.4% |
| Participant deferral / active EE | $8,484 | $5,084+66.9% | $5,984+41.8% | $3,054+177.8% |
| Admin fee / account holder | $386 | $663-41.8% | $8,357-95.4% | $504-23.4% |