Filed December 4, 2024
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $894,565 |
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 | $11,626 | $100,179-88.4% | $84,029-86.2% | $89,609-87.0% |
| Participation rate | 91.4% | 54.1%+37.3pp | 69.0%+22.4pp | 69.6%+21.9pp |
| Annual return | 19.54% | 22.50%-3.0pp | 71.32%-51.8pp | 33.65%-14.1pp |
| Employer contribution / active EE | $800 | $816-2.1% | $1,984-59.7% | $2,584-69.1% |
| Participant deferral / active EE | $1,673 | $1,459+14.7% | $3,239-48.3% | $4,222-60.4% |
| Admin fee / account holder | $43 | $72-40.6% | $6,102-99.3% | $72-40.2% |