Filed January 21, 2025
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.7+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $104,069 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $59,498 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $272,678 | $93,131+192.8% | $106,554+155.9% | $86,828+214.0% |
| Participation rate | 93.5% | 81.4%+12.1pp | 76.1%+17.4pp | 72.3%+21.2pp |
| Annual return | 11.78% | 19.45%-7.7pp | 26.80%-15.0pp | 97.95%-86.2pp |
| Employer contribution / active EE | $3,582 | $2,895+23.7% | $2,819+27.0% | $2,406+48.9% |
| Participant deferral / active EE | $7,737 | $4,708+64.3% | $4,398+75.9% | $4,132+87.2% |
| Admin fee / account holder | $294 | $145+102.7% | $7,408-96.0% | $170+73.4% |