Filed July 7, 2016 (most recent of 2 filings on file)
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 |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,379 | $54,281-73.5% | $60,547-76.3% | $59,188-75.7% |
| Participation rate | 41.9% | 66.8%-24.8pp | 68.0%-26.0pp | 69.4%-27.5pp |
| Annual return | 2.85% | 1.74%+1.1pp | 335.64%-332.8pp | 5.51%-2.7pp |
| Employer contribution / active EE | $539 | $2,031-73.5% | $2,419-77.7% | $2,098-74.3% |
| Participant deferral / active EE | $737 | $2,789-73.6% | $3,328-77.9% | $3,265-77.4% |
| Admin fee / account holder | $7 | $64-88.4% | $4,536-99.8% | $92-91.9% |