Filed October 21, 2015 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.9 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175 | Advisory (Plan) | $43,627 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $32,423 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $175,866 | $81,334+116.2% | $113,397+55.1% | $64,097+174.4% |
| Participation rate | 98.2% | 65.6%+32.6pp | 76.5%+21.7pp | 55.2%+43.0pp |
| Annual return | 12.93% | 32.50%-19.6pp | 23.20%-10.3pp | 34.64%-21.7pp |
| Employer contribution / active EE | $2,025 | $2,077-2.5% | $2,977-32.0% | $1,891+7.0% |
| Participant deferral / active EE | $7,927 | $3,795+108.9% | $5,076+56.1% | $3,080+157.4% |
| Admin fee / account holder | $460 | $4,208-89.1% | $11,957-96.2% | $3,454-86.7% |