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 | $106,110-38.4% | $147,005-55.5% | $77,671-15.8% |
| Participation rate | 93.8% | 78.4%+15.4pp | 82.2%+11.6pp | 70.6%+23.2pp |
| Annual return | 19.62% | 56.77%-37.2pp | 418.76%-399.1pp | 31.21%-11.6pp |
| Employer contribution / active EE | $5,185 | $4,065+27.6% | $4,934+5.1% | $2,726+90.2% |
| Participant deferral / active EE | $6,727 | $7,992-15.8% | $8,070-16.6% | $4,648+44.7% |
| Admin fee / account holder | $357 | $338+5.8% | $13,006-97.3% | $430-16.9% |