Filed October 21, 2015 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK, N.A Service code 15 · EIN 94-1347393 | Recordkeeping | $35,472 |
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175 | Advisory (Plan) | $30,250 |
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 | $103,180 | $73,638+40.1% | $95,964+7.5% | $73,497+40.4% |
| Participation rate | 95.7% | 76.2%+19.5pp | 77.1%+18.6pp | 70.7%+25.0pp |
| Annual return | 10.12% | 16.78%-6.7pp | 91.64%-81.5pp | 28.51%-18.4pp |
| Employer contribution / active EE | $2,657 | $1,863+42.6% | $2,541+4.5% | $2,270+17.0% |
| Participant deferral / active EE | $4,951 | $3,617+36.9% | $4,167+18.8% | $3,740+32.4% |
| Admin fee / account holder | $344 | $482-28.6% | $6,797-94.9% | $513-32.9% |