Filed October 25, 2017
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542719 | Advisory (Plan) | $50,000 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,990 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $32,523 | $62,324-47.8% | $68,509-52.5% | $55,191-41.1% |
| Participation rate | 97.8% | 78.9%+18.9pp | 74.7%+23.1pp | 69.2%+28.6pp |
| Annual return | -0.50% | 4.26%-4.8pp | 8.27%-8.8pp | 10.78%-11.3pp |
| Employer contribution / active EE | $267 | $2,223-88.0% | $2,278-88.3% | $1,899-85.9% |
| Participant deferral / active EE | $2,989 | $3,425-12.7% | $3,382-11.6% | $3,046-1.9% |
| Admin fee / account holder | $93 | $91+1.6% | $5,275-98.2% | $91+2.2% |