Filed June 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $40,091 |
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO ADVIISORS PCG Service code 27 | Advisory (Plan) | $25,000 |
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO ADVISORS, PCG Service code 27 · EIN 56-0276690 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $73,606 | $86,341-14.7% | $125,195-41.2% | $65,186+12.9% |
| Participation rate | 85.1% | 75.3%+9.8pp | 79.8%+5.3pp | 70.2%+14.9pp |
| Annual return | 23.54% | 27.44%-3.9pp | 43.79%-20.3pp | 29.39%-5.8pp |
| Employer contribution / active EE | $886 | $2,040-56.6% | $3,866-77.1% | $2,177-59.3% |
| Participant deferral / active EE | $3,549 | $3,538+0.3% | $4,937-28.1% | $3,514+1.0% |
| Admin fee / account holder | $343 | $609-43.7% | $9,704-96.5% | $847-59.5% |