Filed September 30, 2021
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 26 · EIN 34-1542819 ONE PENN PLAZA · NEW YORK, NY 10119 | Advisory (Participants) | $8,338 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,135 | $50,919-86.0% | $155,556-95.4% | $77,762-90.8% |
| Participation rate | 83.2% | 63.1%+20.2pp | 78.2%+5.0pp | 70.6%+12.6pp |
| Annual return | 12.18% | 34.84%-22.7pp | 64.84%-52.7pp | 31.27%-19.1pp |
| Employer contribution / active EE | $478 | $1,991-76.0% | $4,675-89.8% | $2,728-82.5% |
| Participant deferral / active EE | $993 | $2,824-64.8% | $5,631-82.4% | $4,651-78.6% |
| Admin fee / account holder | $78 | $437-82.1% | $15,885-99.5% | $433-82.0% |