Filed December 4, 2024
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $922,543 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $10,340 | $38,510-73.1% | $74,549-86.1% | $73,367-85.9% |
| Participation rate | 91.0% | 53.5%+37.4pp | 69.1%+21.8pp | 69.5%+21.5pp |
| Annual return | -5.64% | -0.94%-4.7pp | 32.54%-38.2pp | 173.45%-179.1pp |
| Employer contribution / active EE | $776 | $774+0.3% | $1,961-60.4% | $2,499-68.9% |
| Participant deferral / active EE | $1,612 | $1,421+13.4% | $3,108-48.2% | $4,033-60.0% |
| Admin fee / account holder | $49 | $52-6.3% | $5,059-99.0% | $68-28.8% |