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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $84,314 |
RBC WEALTH MANAGEMENT2+ years Service code 33 60 SOUTH 6T ST · MINNEAPOLIS, MN 554024422 | Securities brokerage; Direct payment ... | $20,566 |
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).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $256,950 | $80,177+220.5% | $123,894+107.4% | $57,658+345.6% |
| Participation rate | 91.5% | 74.4%+17.1pp | 81.4%+10.1pp | 70.2%+21.3pp |
| Annual return | 7.45% | 17.90%-10.4pp | 47.52%-40.1pp | 5.13%+2.3pp |
| Employer contribution / active EE | $11,072 | $2,913+280.1% | $4,617+139.8% | $1,974+461.0% |
| Participant deferral / active EE | $8,604 | $5,130+67.7% | $5,984+43.8% | $3,061+181.1% |
| Admin fee / account holder | $362 | $106+240.3% | $8,357-95.7% | $95+282.7% |