Filed February 22, 2021 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $21,692 |
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 | $55,011 | $82,279-33.1% | $78,002-29.5% | $63,975-14.0% |
| Participation rate | 34.9% | 84.7%-49.8pp | 75.5%-40.7pp | 71.1%-36.3pp |
| Annual return | 10.44% | 11.20%-0.8pp | 425.99%-415.5pp | 48.65%-38.2pp |
| Employer contribution / active EE | $0 | $3,297-100.0% | $2,470-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $953 | $4,538-79.0% | $3,497-72.7% | $3,356-71.6% |
| Admin fee / account holder | $43 | $81-46.9% | $5,481-99.2% | $70-38.6% |