Filed February 5, 2018
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS. Service code 27 1 N. JEFFERSON AVE · ST. LOUIS, MO 63103 | Advisory (Plan) | $19,215 |
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $9,158 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $29,480 | $73,102-59.7% | $123,549-76.1% | $56,287-47.6% |
| Participation rate | 88.5% | 74.3%+14.1pp | 82.3%+6.2pp | 69.9%+18.6pp |
| Annual return | 24.76% | 3.01%+21.8pp | 119.20%-94.4pp | -9.96%+34.7pp |
| Employer contribution / active EE | $3,806 | $2,977+27.9% | $4,628-17.8% | $2,111+80.3% |
| Participant deferral / active EE | $4,660 | $5,423-14.1% | $6,426-27.5% | $3,350+39.1% |
| Admin fee / account holder | $177 | $554-68.0% | $9,284-98.1% | $521-66.0% |