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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES Service code 26 | Advisory (Participants) | $3,882 |
Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501 | Recordkeeping | $125 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $40,683 | $63,114-35.5% | $92,909-56.2% | $65,185-37.6% |
| Participation rate | 72.6% | 68.8%+3.9pp | 76.0%-3.4pp | 70.2%+2.4pp |
| Annual return | 7.95% | 28.75%-20.8pp | 109.44%-101.5pp | 29.38%-21.4pp |
| Employer contribution / active EE | $2,363 | $2,571-8.1% | $3,653-35.3% | $2,177+8.6% |
| Participant deferral / active EE | $3,761 | $3,108+21.0% | $4,238-11.3% | $3,514+7.0% |
| Admin fee / account holder | $425 | $624-31.9% | $5,795-92.7% | $847-49.9% |