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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.9 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 94-1347393 401 S TRYON ST. 11TH FLOOR · CHARLOTTE, NC 28081 | Advisory (Plan) | $32,676 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111 | Investment Management | $13,812 |
Filed as: PROFESSIONAL BENEFIT SERVICES, INC Service code 13 · EIN 93-0998477 1193 ROYVONNE ST. SE · SALEM, OR 97302 | Contract Administrator | $5,375 |
Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CA 80111 | Recordkeeping Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,752 | $89,808-53.5% | $100,391-58.4% | $77,643-46.2% |
| Participation rate | 67.3% | 81.2%-13.9pp | 81.5%-14.2pp | 70.6%-3.3pp |
| Annual return | 22.22% | 20.62%+1.6pp | 49.20%-27.0pp | 31.24%-9.0pp |
| Employer contribution / active EE | $0 | $3,039-100.0% | $3,942-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $12,905 | $8,284+55.8% | $8,082+59.7% | $4,647+177.7% |
| Admin fee / account holder | $142 | $174-18.6% | $7,899-98.2% | $430-67.0% |