Filed February 5, 2018
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.7 years Filed as: WELLS FARGO ADVISORS. Service code 27 1 N. JEFFERSON AVE · ST. LOUIS, MO 63103 | Advisory (Plan) | $116,376 |
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754 | Recordkeeping | $37,331 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $65,374 | $106,230-38.5% | $147,080-55.6% | $77,736-15.9% |
| Participation rate | 93.8% | 78.4%+15.4pp | 82.2%+11.6pp | 70.6%+23.2pp |
| Annual return | 19.62% | 56.91%-37.3pp | 420.17%-400.5pp | 31.26%-11.6pp |
| Employer contribution / active EE | $5,185 | $4,072+27.3% | $4,933+5.1% | $2,728+90.1% |
| Participant deferral / active EE | $6,727 | $8,001-15.9% | $8,066-16.6% | $4,651+44.6% |
| Admin fee / account holder | $357 | $338+5.6% | $12,989-97.2% | $433-17.5% |