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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $35,057 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $24,330 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $179,993 | $79,438+126.6% | $106,555+68.9% | $79,391+126.7% |
| Participation rate | 75.2% | 74.2%+1.0pp | 76.1%-1.0pp | 70.7%+4.4pp |
| Annual return | 21.24% | 18.27%+3.0pp | 26.80%-5.6pp | 116.88%-95.6pp |
| Employer contribution / active EE | $1,150 | $2,235-48.5% | $2,819-59.2% | $2,428-52.6% |
| Participant deferral / active EE | $7,013 | $3,824+83.4% | $4,399+59.4% | $4,046+73.3% |
| Admin fee / account holder | $341 | $523-34.8% | $7,408-95.4% | $627-45.6% |