Filed September 30, 2021
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 26 · EIN 34-1542819 ONE PENN PLAZA · NEW YORK, NY 10119 | Advisory (Participants) | $12,637 |
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 | $11,502 | $56,540-79.7% | $185,851-93.8% | $86,821-86.8% |
| Participation rate | 78.3% | 65.5%+12.8pp | 81.7%-3.4pp | 72.3%+6.0pp |
| Annual return | 13.77% | 118.20%-104.4pp | 122.11%-108.3pp | 97.94%-84.2pp |
| Employer contribution / active EE | $492 | $1,844-73.3% | $5,168-90.5% | $2,406-79.6% |
| Participant deferral / active EE | $958 | $2,555-62.5% | $5,569-82.8% | $4,132-76.8% |
| Admin fee / account holder | $93 | $150-38.2% | $16,245-99.4% | $170-45.4% |