Filed November 11, 2021
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $42,201 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $28,538 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,456 | $78,419-15.3% | $133,971-50.4% | $73,412-9.5% |
| Participation rate | 89.6% | 78.6%+11.0pp | 79.8%+9.8pp | 72.2%+17.5pp |
| Annual return | -14.71% | 33.35%-48.1pp | 45.09%-59.8pp | 59.30%-74.0pp |
| Employer contribution / active EE | $1,563 | $2,044-23.5% | $3,919-60.1% | $2,234-30.0% |
| Participant deferral / active EE | $5,018 | $3,925+27.9% | $5,047-0.6% | $3,806+31.9% |
| Admin fee / account holder | $258 | $161+60.2% | $8,929-97.1% | $158+63.7% |