Filed February 22, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 21 · EIN 94-1347393 | Bank Trustee | $25,175 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $49,838 | $81,321-38.7% | $68,509-27.3% | $59,188-15.8% |
| Participation rate | 33.2% | 83.8%-50.6pp | 74.7%-41.5pp | 69.4%-36.2pp |
| Annual return | -0.06% | 4.65%-4.7pp | 8.27%-8.3pp | 5.51%-5.6pp |
| Employer contribution / active EE | $0 | $3,297-100.0% | $2,278-100.0% | $2,098-100.0% |
| Participant deferral / active EE | $861 | $4,592-81.3% | $3,382-74.6% | $3,265-73.6% |
| Admin fee / account holder | $53 | $62-14.9% | $5,275-99.0% | $92-43.0% |