Filed September 29, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.10+ years Filed as: WELLS FARGO Service code 21 · EIN 94-1347393 | Bank Trustee | $21,754 |
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Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $49,655-100.0% | $205,371-100.0% | $49,655-100.0% |
| Participation rate | 0.0% | 18.6%-18.6pp | 56.2%-56.2pp | 18.6%-18.6pp |
| Annual return | 5.20% | 9.77%-4.6pp | 5.90%-0.7pp | 9.77%-4.6pp |
| Employer contribution / active EE | $237 | $13,890-98.3% | $24,714-99.0% | $13,890-98.3% |
| Participant deferral / active EE | $1,346 | $102+1222.7% | $644+109.1% | $102+1222.7% |
| Admin fee / account holder | $0 | $2,893-100.0% | $13,227-100.0% | $2,893-100.0% |