Filed February 23, 2022
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $65,498 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SVCS LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $26,060 |
EDBERG & PERRY INC4+ years Service code 15 · EIN 86-0738258 | Recordkeeping | $5,150 |
Service code 10 · EIN 20-0640473 | Accounting | $5,150 |
Filed as: JOHN HANCOCK LIFE INSURANCE CO. USA Service code 15 · EIN 01-0233346 | Recordkeeping | $2,450 |
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS LLC Service code 22 | Insurance Broker | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $31,546 | $88,515-64.4% | $162,171-80.5% | $67,579-53.3% |
| Participation rate | 77.7% | 86.8%-9.1pp | 87.6%-9.8pp | 71.3%+6.4pp |
| Annual return | 22.60% | 27.04%-4.4pp | 115.60%-93.0pp | 378.56%-356.0pp |
| Employer contribution / active EE | $2,161 | $3,563-39.3% | $5,613-61.5% | $2,148+0.6% |
| Participant deferral / active EE | $6,298 | $5,724+10.0% | $7,297-13.7% | $3,539+78.0% |
| Admin fee / account holder | $448 | $124+262.7% | $10,843-95.9% | $142+215.2% |