Filed May 19, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO, BANK. N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $29,325 |
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS Service code 16 · EIN 34-1678801 | Consulting | $19,169 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $54,838 | $43,504+26.1% | $68,612-20.1% | $56,289-2.6% |
| Participation rate | 62.7% | 67.8%-5.1pp | 72.2%-9.5pp | 69.9%-7.1pp |
| Annual return | -7.09% | -3.15%-3.9pp | -4.63%-2.5pp | -9.96%+2.9pp |
| Employer contribution / active EE | $1,553 | $1,525+1.8% | $2,625-40.8% | $2,111-26.4% |
| Participant deferral / active EE | $2,689 | $2,509+7.2% | $3,311-18.8% | $3,350-19.7% |
| Admin fee / account holder | $288 | $515-44.1% | $5,131-94.4% | $521-44.8% |