Filed October 21, 2015 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $36,219 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175 | Advisory (Plan) | $35,036 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $77,351 | $65,378+18.3% | $87,103-11.2% | $65,186+18.7% |
| Participation rate | 93.7% | 75.3%+18.3pp | 76.9%+16.8pp | 70.2%+23.5pp |
| Annual return | 2.39% | 31.28%-28.9pp | 28.19%-25.8pp | 29.39%-27.0pp |
| Employer contribution / active EE | $1,447 | $1,823-20.6% | $2,521-42.6% | $2,177-33.5% |
| Participant deferral / active EE | $4,910 | $3,389+44.9% | $4,049+21.3% | $3,514+39.7% |
| Admin fee / account holder | $317 | $520-39.1% | $7,491-95.8% | $847-62.6% |