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 | $24,265-100.0% | $110,417-100.0% | $24,265-100.0% |
| Participation rate | 0.0% | 10.4%-10.4pp | 52.7%-52.7pp | 10.4%-10.4pp |
| Annual return | 5.20% | 9.31%-4.1pp | 4.76%+0.4pp | 9.31%-4.1pp |
| Employer contribution / active EE | $237 | $13,179-98.2% | $19,766-98.8% | $13,179-98.2% |
| Participant deferral / active EE | $1,346 | $193+598.4% | $761+76.8% | $193+598.4% |
| Admin fee / account holder | $0 | $4,785-100.0% | $15,244-100.0% | $4,785-100.0% |