Filed November 11, 2021
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $23,082 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $15,167 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $26,496 | $66,302-60.0% | $110,243-76.0% | $56,287-52.9% |
| Participation rate | 80.5% | 74.9%+5.6pp | 79.8%+0.7pp | 69.9%+10.6pp |
| Annual return | -3.05% | -1.18%-1.9pp | 314.76%-317.8pp | -9.96%+6.9pp |
| Employer contribution / active EE | $884 | $2,047-56.8% | $3,827-76.9% | $2,111-58.1% |
| Participant deferral / active EE | $2,656 | $3,381-21.5% | $4,672-43.2% | $3,350-20.7% |
| Admin fee / account holder | $137 | $698-80.4% | $8,548-98.4% | $521-73.7% |