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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $98,849 |
RBC WEALTH MANAGEMENT1+ years Service code 33 60 SOUTH 6T ST · MINNEAPOLIS, MN 554024422 | Securities brokerage; Direct payment ... | $17,740 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $235,806 | $88,324+167.0% | $115,038+105.0% | $55,191+327.3% |
| Participation rate | 98.0% | 72.5%+25.5pp | 81.4%+16.7pp | 69.2%+28.9pp |
| Annual return | -0.67% | 6.30%-7.0pp | 26.14%-26.8pp | 10.78%-11.4pp |
| Employer contribution / active EE | $11,471 | $2,805+309.0% | $4,608+148.9% | $1,899+504.1% |
| Participant deferral / active EE | $8,603 | $5,042+70.6% | $6,026+42.8% | $3,046+182.4% |
| Admin fee / account holder | $414 | $105+293.3% | $8,175-94.9% | $91+356.6% |