Filed December 4, 2024
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $772,182 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,918 | $39,909-75.1% | $78,775-87.4% | $80,976-87.8% |
| Participation rate | 90.8% | 55.7%+35.1pp | 69.2%+21.6pp | 68.3%+22.5pp |
| Annual return | 15.97% | 23.47%-7.5pp | 35.62%-19.7pp | 22.91%-6.9pp |
| Employer contribution / active EE | $687 | $778-11.6% | $1,986-65.4% | $2,402-71.4% |
| Participant deferral / active EE | $1,403 | $1,359+3.2% | $2,958-52.6% | $3,848-63.5% |
| Admin fee / account holder | $39 | $50-21.9% | $5,132-99.2% | $67-42.5% |