Filed October 21, 2015 (most recent of 3 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.8 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175 | Advisory (Plan) | $41,581 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $33,588 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $163,004 | $79,181+105.9% | $102,423+59.1% | $74,429+119.0% |
| Participation rate | 98.2% | 74.8%+23.4pp | 76.5%+21.7pp | 67.2%+31.0pp |
| Annual return | 26.51% | 54.97%-28.5pp | 29.42%-2.9pp | 1368.38%-1341.9pp |
| Employer contribution / active EE | $1,866 | $2,362-21.0% | $3,023-38.3% | $2,625-28.9% |
| Participant deferral / active EE | $7,286 | $4,416+65.0% | $5,054+44.2% | $4,348+67.6% |
| Admin fee / account holder | $476 | $2,002-76.2% | $9,455-95.0% | $1,944-75.5% |