Filed July 7, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $1,901 |
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 | $16,701 | $71,757-76.7% | $75,906-78.0% | $82,204-79.7% |
| Participation rate | 34.4% | 69.0%-34.6pp | 69.3%-34.9pp | 73.4%-39.0pp |
| Annual return | 21.46% | 22.77%-1.3pp | 30.73%-9.3pp | 26.31%-4.9pp |
| Employer contribution / active EE | $449 | $2,325-80.7% | $2,501-82.1% | $2,707-83.4% |
| Participant deferral / active EE | $921 | $3,327-72.3% | $3,604-74.5% | $4,246-78.3% |
| Admin fee / account holder | $1 | $87-99.4% | $5,421-100.0% | $76-99.3% |