Filed October 21, 2015 (most recent of 3 filings on file)
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| 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 | $79,223+105.8% | $102,460+59.1% | $74,478+118.9% |
| Participation rate | 98.2% | 74.8%+23.5pp | 76.5%+21.7pp | 67.2%+31.0pp |
| Annual return | 26.51% | 54.98%-28.5pp | 29.47%-3.0pp | 1370.56%-1344.1pp |
| Employer contribution / active EE | $1,866 | $2,363-21.0% | $3,025-38.3% | $2,626-29.0% |
| Participant deferral / active EE | $7,286 | $4,417+64.9% | $5,056+44.1% | $4,350+67.5% |
| Admin fee / account holder | $476 | $2,003-76.2% | $9,460-95.0% | $1,946-75.6% |