Filed June 2, 2022
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 91-1347393 | Recordkeeping | $28,880 |
Filed as: INVESTMENT ADVISOR OPERA Service code 27 · EIN 41-1416330 | Advisory (Plan) | $28,125 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $11,248 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $118,632 | $81,494+45.6% | $133,978-11.5% | $73,497+61.4% |
| Participation rate | 91.1% | 76.4%+14.7pp | 79.8%+11.2pp | 70.7%+20.4pp |
| Annual return | 55.54% | 19.40%+36.1pp | 45.10%+10.4pp | 28.51%+27.0pp |
| Employer contribution / active EE | $1,539 | $2,210-30.4% | $3,919-60.7% | $2,270-32.2% |
| Participant deferral / active EE | $4,083 | $3,787+7.8% | $5,047-19.1% | $3,740+9.2% |
| Admin fee / account holder | $388 | $713-45.6% | $8,930-95.7% | $513-24.4% |